AerSale Co. (NASDAQ:ASLE) Short Interest Update

AerSale Co. (NASDAQ:ASLE) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 2,030,000 shares, a drop of 5.1% from the December 31st total of 2,140,000 shares. Currently, 7.0% of the company’s stock are short sold. Based on an average trading volume of 426,500 shares, the short-interest ratio is presently 4.8 days.

AerSale Stock Down 0.7 %

AerSale stock traded down $0.05 during mid-day trading on Monday, reaching $6.72. The company had a trading volume of 169,166 shares, compared to its average volume of 236,858. The company has a 50 day moving average of $6.35 and a 200-day moving average of $5.80. AerSale has a 52 week low of $4.53 and a 52 week high of $9.79. The firm has a market cap of $357.57 million, a price-to-earnings ratio of 671.27 and a beta of 0.28.

Hedge Funds Weigh In On AerSale

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASLE. Spire Wealth Management bought a new stake in shares of AerSale during the fourth quarter valued at approximately $27,000. nVerses Capital LLC raised its stake in shares of AerSale by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock valued at $25,000 after buying an additional 2,100 shares in the last quarter. Bfsg LLC bought a new position in shares of AerSale during the 4th quarter worth about $68,000. SG Americas Securities LLC bought a new stake in AerSale in the third quarter valued at about $59,000. Finally, Bleakley Financial Group LLC acquired a new position in AerSale in the fourth quarter worth about $86,000. 69.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ASLE. Truist Financial lowered their price target on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, October 18th. TD Cowen raised shares of AerSale to a “hold” rating in a research note on Thursday, December 19th.

About AerSale

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).