Short Interest in FTAI Infrastructure Inc. (NASDAQ:FIP) Expands By 14.9%

FTAI Infrastructure Inc. (NASDAQ:FIP) has seen a significant rise in short interest during December. As of December 15th, short interest reached 7,190,000 shares, marking an increase of 14.9% compared to the 6,260,000 shares shorted as of November 30th. Given the average daily trading volume of 1,140,000 shares, the current days-to-cover ratio stands at 6.3 days. Presently, 6.6% of the company’s total shares are reportedly shorted.

FTAI Infrastructure Stock Performance

The stock opened at $7.26 on Wednesday. Over the past year, FTAI Infrastructure has experienced a fifty-two week low of $3.42 as well as a fifty-two week high of $10.45. The firm has a 50-day simple moving average of $8.32 and a 200-day simple moving average of $8.88. Financially, the company has a debt-to-equity ratio of 6.07, a current ratio of 1.42, and a quick ratio also at 1.42. FTAI Infrastructure has a market capitalization of approximately $825.79 million, a price-to-earnings ratio of -3.67, and a beta of 1.34.

FTAI Infrastructure Announces Dividend

Additionally, FTAI Infrastructure recently announced a quarterly dividend payment. The dividend of $0.03 per share was distributed on November 19th, 2024, to shareholders registered as of November 12th. This gives an annualized dividend of $0.12 per share, corresponding to a yield of 1.65%. The ex-dividend date also fell on November 12th. The company's payout ratio currently stands at -6.06%.

Institutional Trading of FTAI Infrastructure

Recently, various large investors have recalibrated their holdings in FTAI Infrastructure. For instance, Bank of New York Mellon Corp increased its position by 8.9% during the second quarter, accumulating a total of 794,868 shares worth around $6,860,000 after acquiring an additional 65,218 shares recently. Zurcher Kantonalbank Zurich Cantonalbank established a new investment in the second quarter, valued at about $134,000. Furthermore, Rhumbline Advisers raised their stake by 17.1%, now owning 154,509 shares worth $1,333,000, following an additional purchase of 22,569 shares. Arizona State Retirement System also added a new stake, valued at $246,000, while Choreo LLC procured a fresh position worth $100,000. Moreover, approximately 87.43% of the stock is held by institutional investors and hedge funds.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc. focuses on the acquisition, development, and operation of assets and businesses that provide infrastructure for customers in North America, specifically within the transportation, energy, and industrial products sectors. The company is organized into five distinct segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.

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