FTAI Infrastructure Inc. (NASDAQ:FIP) Short Interest Up 12.1% in December

FTAI Infrastructure Inc. (NASDAQ:FIP) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 8,060,000 shares, an increase of 12.1% from the December 15th total of 7,190,000 shares. Based on an average trading volume of 1,150,000 shares, the days-to-cover ratio is currently 7.0 days. Approximately 7.4% of the company’s stock are sold short.

Institutional Investors Weigh In On FTAI Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in FTAI Infrastructure in the third quarter valued at $34,000. US Bancorp DE purchased a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at about $52,000. Cladis Investment Advisory LLC purchased a new stake in shares of FTAI Infrastructure in the 3rd quarter valued at about $94,000. Algert Global LLC acquired a new stake in shares of FTAI Infrastructure in the 2nd quarter valued at about $88,000. Finally, Choreo LLC purchased a new position in FTAI Infrastructure during the 2nd quarter worth approximately $100,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.

FTAI Infrastructure Price Performance

Shares of FTAI Infrastructure stock opened at $7.44 on Monday. 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 52 week low of $3.52 and a 52 week high of $10.45. The firm’s 50 day moving average is $8.06 and its two-hundred day moving average is $8.82.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is -6.06%.

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.