Short Interest in AerSale Co. (NASDAQ:ASLE) Declines By 16.1%

AerSale Co. (NASDAQ:ASLE) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 1,460,000 shares, a drop of 16.1% from the March 15th total of 1,740,000 shares. Approximately 4.1% of the company’s shares are sold short. Based on an average daily trading volume, of 476,700 shares, the days-to-cover ratio is currently 3.1 days.

AerSale Trading Up 1.4 %

Shares of NASDAQ ASLE traded up $0.09 during trading on Tuesday, reaching $6.38. The company had a trading volume of 101,697 shares, compared to its average volume of 398,205. AerSale has a twelve month low of $4.53 and a twelve month high of $9.40. The stock has a market capitalization of $339.97 million, a PE ratio of 634.63 and a beta of 0.27. The stock has a 50-day moving average price of $7.40 and a two-hundred day moving average price of $6.54.

Institutional Investors Weigh In On AerSale

Several institutional investors and hedge funds have recently made changes to their positions in ASLE. M3F Inc. acquired a new position in shares of AerSale during the fourth quarter valued at $9,941,000. Private Management Group Inc. acquired a new stake in AerSale in the 4th quarter worth $6,994,000. Alyeska Investment Group L.P. lifted its position in shares of AerSale by 105.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company’s stock worth $6,930,000 after acquiring an additional 565,017 shares during the period. Geode Capital Management LLC increased its stake in AerSale by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 779,980 shares of the company’s stock valued at $4,915,000 after acquiring an additional 17,311 shares during the period. Finally, State Street Corp boosted its stake in shares of AerSale by 1.1% in the 3rd quarter. State Street Corp now owns 660,553 shares of the company’s stock valued at $3,336,000 after purchasing an additional 7,036 shares in the last quarter. 69.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their target price on shares of AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Friday, March 7th.

AerSale Company Profile

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).