Short Interest in FTAI Infrastructure Inc. (NASDAQ:FIP) Grows By 26.1%

FTAI Infrastructure Inc. (NASDAQ:FIP) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 12,530,000 shares, a growth of 26.1% from the February 13th total of 9,940,000 shares. Approximately 11.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,120,000 shares, the days-to-cover ratio is presently 11.2 days.

FTAI Infrastructure Stock Down 2.8 %

Shares of NASDAQ:FIP opened at $5.12 on Wednesday. The company has a market capitalization of $582.37 million, a PE ratio of -2.59 and a beta of 1.52. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 6.07. FTAI Infrastructure has a twelve month low of $4.73 and a twelve month high of $10.46. The firm has a 50 day simple moving average of $6.45 and a 200-day simple moving average of $7.83.

FTAI Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a yield of 2.34%. FTAI Infrastructure’s payout ratio is currently -4.36%.

Hedge Funds Weigh In On FTAI Infrastructure

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in FTAI Infrastructure by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company’s stock worth $47,463,000 after buying an additional 730,895 shares during the last quarter. Luxor Capital Group LP raised its position in FTAI Infrastructure by 4.6% during the 3rd quarter. Luxor Capital Group LP now owns 5,940,484 shares of the company’s stock worth $55,603,000 after buying an additional 258,591 shares during the last quarter. Hood River Capital Management LLC raised its position in FTAI Infrastructure by 32.7% during the 4th quarter. Hood River Capital Management LLC now owns 5,891,840 shares of the company’s stock worth $42,775,000 after buying an additional 1,452,567 shares during the last quarter. Capital International Investors increased its holdings in shares of FTAI Infrastructure by 17.0% in the 4th quarter. Capital International Investors now owns 5,345,350 shares of the company’s stock valued at $38,807,000 after purchasing an additional 778,376 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of FTAI Infrastructure by 2.2% in the 3rd quarter. State Street Corp now owns 2,543,305 shares of the company’s stock valued at $23,805,000 after purchasing an additional 55,936 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.