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

FTAI Infrastructure Inc. (NASDAQ:FIP) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 3,110,000 shares, a decline of 6.0% from the March 31st total of 3,310,000 shares. Based on an average daily trading volume, of 797,700 shares, the days-to-cover ratio is currently 3.9 days. Currently, 3.1% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on FTAI Infrastructure in a research note on Thursday, April 18th. They issued a “buy” rating and a $10.00 price objective on the stock.

Institutional Investors Weigh In On FTAI Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIP. Pingora Partners LLC bought a new stake in FTAI Infrastructure in the fourth quarter valued at about $6,102,000. Luxor Capital Group LP increased its holdings in FTAI Infrastructure by 49.0% in the fourth quarter. Luxor Capital Group LP now owns 4,269,813 shares of the company’s stock valued at $16,610,000 after purchasing an additional 1,403,628 shares during the last quarter. American Assets Capital Advisers LLC increased its holdings in FTAI Infrastructure by 25.9% in the third quarter. American Assets Capital Advisers LLC now owns 4,484,005 shares of the company’s stock valued at $14,438,000 after purchasing an additional 923,835 shares during the last quarter. Inscription Capital LLC bought a new stake in shares of FTAI Infrastructure in the first quarter worth about $1,103,000. Finally, Orchard Capital Management LLC increased its holdings in shares of FTAI Infrastructure by 7.1% in the fourth quarter. Orchard Capital Management LLC now owns 2,471,786 shares of the company’s stock worth $9,615,000 after acquiring an additional 164,023 shares in the last quarter. Institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Performance

FTAI Infrastructure stock traded down $0.03 on Wednesday, reaching $7.21. The company’s stock had a trading volume of 409,104 shares, compared to its average volume of 767,743. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.23 and a quick ratio of 1.23. The business’s fifty day moving average price is $6.01 and its 200 day moving average price is $4.58. FTAI Infrastructure has a twelve month low of $2.77 and a twelve month high of $7.80.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.47) EPS for the quarter. The business had revenue of $81.44 million during the quarter. FTAI Infrastructure had a negative return on equity of 32.27% and a negative net margin of 48.71%.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Wednesday, March 27th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Tuesday, March 26th. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -6.67%.

About FTAI Infrastructure

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.