FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Update

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 3,110,000 shares, a decrease of 6.0% from the March 31st total of 3,310,000 shares. Currently, 3.1% of the company's shares are short sold. Based on an average trading volume of 797,700 shares, the days-to-cover ratio is presently 3.9 days.

FTAI Infrastructure Trading Down 2.4 %

Shares of FIP traded down $0.18 during trading hours on Tuesday, hitting $7.24. The stock had a trading volume of 1,587,256 shares, compared to its average volume of 766,004. The company's fifty day simple moving average is $6.01 and its 200 day simple moving average is $4.58. FTAI Infrastructure has a 12-month low of $2.77 and a 12-month high of $7.80. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $736.24 million, a P/E ratio of -4.02 and a beta of 1.50.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.47) earnings per share for the quarter. The firm had revenue of $81.44 million during the quarter. FTAI Infrastructure had a negative net margin of 48.71% and a negative return on equity of 32.27%.

FTAI Infrastructure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 27th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Tuesday, March 26th. FTAI Infrastructure's dividend payout ratio is presently -6.67%.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on shares of FTAI Infrastructure in a report on Thursday, April 18th. They issued a "buy" rating and a $10.00 target price for the company.

Institutional Trading of FTAI Infrastructure

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in FTAI Infrastructure by 23.2% during the 4th quarter. Victory Capital Management Inc. now owns 13,200 shares of the company's stock valued at $51,000 after purchasing an additional 2,490 shares in the last quarter. Principal Financial Group Inc. raised its holdings in FTAI Infrastructure by 39.5% in the third quarter. Principal Financial Group Inc. now owns 14,653 shares of the company's stock valued at $47,000 after acquiring an additional 4,146 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in FTAI Infrastructure by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,288 shares of the company's stock worth $67,000 after acquiring an additional 4,787 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of FTAI Infrastructure by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 294,067 shares of the company's stock worth $947,000 after purchasing an additional 4,939 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of FTAI Infrastructure in the 4th quarter valued at about $25,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.