Short Interest in AerSale Co. (NASDAQ:ASLE) Decreases By 16.1%

AerSale Co. (NASDAQ:ASLE - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,460,000 shares, a decline of 16.1% from the March 15th total of 1,740,000 shares. Approximately 4.1% of the company's shares are sold short. Based on an average daily trading volume, of 476,700 shares, the days-to-cover ratio is presently 3.1 days.

AerSale Stock Up 3.1 %

ASLE stock traded up $0.20 during mid-day trading on Friday, hitting $6.75. 333,819 shares of the company were exchanged, compared to its average volume of 402,473. AerSale has a 12-month low of $4.53 and a 12-month high of $9.40. The firm has a market capitalization of $359.63 million, a P/E ratio of 675.68 and a beta of 0.27. The business has a fifty day simple moving average of $7.37 and a 200-day simple moving average of $6.56.

Hedge Funds Weigh In On AerSale

Hedge funds have recently made changes to their positions in the stock. Spire Wealth Management purchased a new position in shares of AerSale during the fourth quarter worth $27,000. GAMMA Investing LLC grew its position in AerSale by 3,427.5% in the 1st quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock valued at $35,000 after acquiring an additional 4,490 shares in the last quarter. Bfsg LLC purchased a new stake in AerSale during the fourth quarter worth about $68,000. Franklin Resources Inc. acquired a new stake in shares of AerSale during the fourth quarter worth about $75,000. Finally, Virtu Financial LLC purchased a new position in shares of AerSale in the third quarter valued at approximately $82,000. Hedge funds and other institutional investors own 69.48% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their target price on AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research note on Friday, March 7th.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).