World news – Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) short interest up 41.6% in January

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Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) was the target of a sharp surge in short interest in the January. As of January 29, there was short interest of 1,210,000 shares, an increase of 41.6% compared to January 14 of 854,300 shares. Currently, 1.5% of the company’s shares are short. With an average daily volume of 518,700 shares, the short interest ratio is currently 2.3 days.

Institutional investors recently changed their positions in the company. Manchester Financial Inc. took on a new position with Fortress Transportation and Infrastructure Investors in the fourth quarter valued at approximately $ 38,000. International Assets Investment Management LLC acquired a new stake in Fortress Transportation and Infrastructure Investors valued at approximately $ 91,000 in the fourth quarter. Vestmark Advisory Solutions Inc. bought a new position in Fortress Transportation and Infrastructure Investors in the fourth quarter valued at approximately $ 209,000. Northern Trust Corp acquired a new position with Fortress Transportation and Infrastructure Investors in the fourth quarter valued at approximately $ 235,000. Eventually, Tompkins Financial Corp bought a new stake in Fortress Transportation and Infrastructure Investors in the fourth quarter valued at approximately $ 249,000. Institutional investors and hedge funds own 52.27% of the company’s stock.

Several research companies have recently looked at FTAI. Raymond James raised his target price for Fortress Transportation and Infrastructure Investors from $ 24.00 to $ 26.00 and rated the company as « Outperform » in a report on Wednesday, February 10th. Barclays raised its target price for Fortress Transportation and Infrastructure Investors from $ 20.00 to $ 23.00 and rated the stock as overweight in a research report on Monday, February 1st. BTIG Research started reporting on shares in Fortress Transportation and Infrastructure Investors in a research report on Tuesday, December 1st. They set a Buy recommendation and a target price of $ 25.00 for the company. Zacks Investment Research downgraded the shares of Fortress Transportation and Infrastructure Investors from a « hold » rating to a « sell » rating in a report on Friday October 30th. Finally, Compass Point took on the coverage of shares in Fortress Transportation and Infrastructure Investors in a report on Monday, October 19. They set a Buy recommendation and a target price of $ 25.00 for the company. One stock research analyst has given the stock a sell rating and ten have given the stock a buy rating. The stock currently has an average « Buy » rating and a consensus price target of $ 22.73 (adsbygoogle = window.adsbygoogle || []). Push ({});

FTAI opened at $ 27.39 on Monday. The company has a 50-day simple moving average of $ 23.25 and a two-hundred-day simple moving average of $ 19.21. The company has a market cap of $ 2.35 billion, a P / E of 16.91, and a beta of 2.02. Fortress Transportation and Infrastructure Investors has a 1-year low of $ 3.69 and a 1-year high of $ 28.22.

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America and South America. The company operates in three segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals.

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