Short Interest in FTAI Infrastructure Inc. (NASDAQ:FIP) Increases By 7.8%

FTAI Infrastructure Inc. (NASDAQ:FIP) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 8,710,000 shares, a growth of 7.8% from the January 15th total of 8,080,000 shares. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is currently 7.7 days. Currently, 8.0% of the company’s shares are short sold.

Institutional Investors Weigh In On FTAI Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of FTAI Infrastructure by 5,651.2% during the third quarter. FMR LLC now owns 348,349 shares of the company’s stock valued at $3,261,000 after purchasing an additional 342,292 shares in the last quarter. Barclays PLC increased its position in FTAI Infrastructure by 283.8% during the 3rd quarter. Barclays PLC now owns 159,387 shares of the company’s stock valued at $1,492,000 after buying an additional 117,863 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in FTAI Infrastructure by 198.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 848,363 shares of the company’s stock valued at $7,941,000 after buying an additional 564,566 shares during the last quarter. Highland Peak Capital LLC boosted its holdings in FTAI Infrastructure by 194.3% in the third quarter. Highland Peak Capital LLC now owns 1,755,349 shares of the company’s stock worth $16,430,000 after acquiring an additional 1,158,816 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of FTAI Infrastructure by 113.8% in the third quarter. JPMorgan Chase & Co. now owns 518,294 shares of the company’s stock worth $4,851,000 after acquiring an additional 275,903 shares during the last quarter. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Stock Down 0.6 %

Shares of FIP stock traded down $0.04 during midday trading on Tuesday, reaching $6.48. 1,245,657 shares of the stock were exchanged, compared to its average volume of 949,240. The firm has a market cap of $737.07 million, a PE ratio of -3.27 and a beta of 1.44. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. The company’s 50 day moving average is $7.31 and its two-hundred day moving average is $8.40. FTAI Infrastructure has a 1 year low of $4.17 and a 1 year high of $10.45.

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.