Short Interest in FTAI Infrastructure Inc. (NASDAQ:FIP) Rises By 12.1%

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. Currently, 7.4% of the company’s shares are short sold. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is currently 7.0 days.

Hedge Funds Weigh In On FTAI Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIP. Wilmington Savings Fund Society FSB acquired a new stake in FTAI Infrastructure in the 3rd quarter valued at about $34,000. US Bancorp DE purchased a new position in FTAI Infrastructure in the third quarter worth approximately $52,000. Cladis Investment Advisory LLC purchased a new position in FTAI Infrastructure in the third quarter worth approximately $94,000. Algert Global LLC purchased a new stake in shares of FTAI Infrastructure in the 2nd quarter valued at approximately $88,000. Finally, Choreo LLC acquired a new stake in shares of FTAI Infrastructure in the 2nd quarter valued at $100,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

FTAI Infrastructure Stock Down 4.1 %

NASDAQ:FIP opened at $7.44 on Monday. FTAI Infrastructure has a 52 week low of $3.52 and a 52 week high of $10.45. The stock’s fifty day moving average is $8.06 and its two-hundred day moving average is $8.82. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th were issued 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 was Tuesday, November 12th. FTAI Infrastructure’s dividend payout ratio (DPR) is currently -6.06%.

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.