AerSale Co. (NASDAQ:ASLE) Short Interest Update

AerSale Co. (NASDAQ:ASLE) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,740,000 shares, a decrease of 14.3% from the February 28th total of 2,030,000 shares. Based on an average daily volume of 428,900 shares, the short-interest ratio is presently 4.1 days. Currently, 4.9% of the company’s stock are short sold.

AerSale Price Performance

ASLE stock opened at $7.65 on Thursday. The stock has a market capitalization of $407.58 million, a PE ratio of 765.77 and a beta of 0.29. AerSale has a fifty-two week low of $4.53 and a fifty-two week high of $9.40. The company has a 50 day moving average price of $7.37 and a 200 day moving average price of $6.34.

Institutional Trading of AerSale

Hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC bought a new stake in shares of AerSale during the fourth quarter worth $138,000. Nuveen Asset Management LLC raised its stake in shares of AerSale by 22.4% in the 4th quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company’s stock valued at $3,609,000 after purchasing an additional 104,663 shares during the period. Graham Capital Management L.P. lifted its holdings in shares of AerSale by 78.8% in the fourth quarter. Graham Capital Management L.P. now owns 48,332 shares of the company’s stock valued at $304,000 after purchasing an additional 21,301 shares in the last quarter. Ethic Inc. bought a new stake in shares of AerSale in the fourth quarter valued at about $103,000. Finally, Deutsche Bank AG boosted its position in shares of AerSale by 82.9% during the fourth quarter. Deutsche Bank AG now owns 41,472 shares of the company’s stock worth $261,000 after buying an additional 18,792 shares during the period. 69.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank of Canada raised their target price on AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Friday, March 7th. TD Cowen raised 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).