AerSale Co. (NASDAQ:ASLE) Sees Significant Drop in Short Interest

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

Institutional Trading of AerSale

A number of large investors have recently made changes to their positions in ASLE. Millennium Management LLC raised its position in shares of AerSale by 520.7% during the second quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock worth $4,026,000 after purchasing an additional 488,081 shares during the period. Geode Capital Management LLC lifted its stake in AerSale by 1.5% in the third quarter. Geode Capital Management LLC now owns 762,669 shares of the company’s stock valued at $3,852,000 after buying an additional 11,304 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of AerSale by 683.1% in the second quarter. Marshall Wace LLP now owns 207,338 shares of the company’s stock valued at $1,435,000 after buying an additional 180,860 shares during the period. Barclays PLC raised its holdings in shares of AerSale by 266.5% during the third quarter. Barclays PLC now owns 44,003 shares of the company’s stock worth $222,000 after acquiring an additional 31,996 shares during the period. Finally, Meros Investment Management LP lifted its position in AerSale by 38.4% in the 3rd quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock valued at $2,271,000 after acquiring an additional 124,669 shares in the last quarter. Institutional investors own 69.48% of the company’s stock.

AerSale Stock Down 0.7 %

Shares of AerSale stock traded down $0.05 during trading on Monday, reaching $6.72. 169,166 shares of the company were exchanged, compared to its average volume of 236,858. AerSale has a twelve month low of $4.53 and a twelve month high of $9.79. The business has a 50-day moving average price of $6.35 and a 200-day moving average price of $5.80. The firm has a market capitalization of $357.57 million, a price-to-earnings ratio of 671.27 and a beta of 0.28.

Analysts Set New Price Targets

ASLE has been the subject of a number of research reports. Truist Financial lowered their price target on shares of AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 18th. TD Cowen upgraded AerSale to a “hold” rating in a research report on Thursday, December 19th.

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).