Short Interest Update on Air Lease Corporation (AL)

Air Lease Corporation (AL) : The short interest in Air Lease Corporation (AL) has changed with an increase of 88,384 shares and the open interest is 1.1%. From 8,226,369 short positions on Jul 29, 2016, the shorts increased to 8,314,753 shares by August 15, 2016. There are 7 more days left for the expiry and the daily trading volume of the stock is 1,231,221 shares. The total interest of shorts is 8.7% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

Air Lease Corporation (NYSE:AL): The stock opened at $28.88 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.08 for the day. The stock traded down to $28.62 during the day, due to lack of any buying support eventually closed down at $28.63 with a loss of -0.93% for the day. The stock had closed at $28.90 on the previous day. The total traded volume was 856,651 shares.


In a related news,The officer (EVP) of Air Lease Corp, Baer Marc H sold 1,500 shares at $32.62 on January 4, 2016. The Insider selling transaction had a total value worth of $48,930. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Air Lease Corporation is an aircraft leasing company. The Company is engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S. (Airbus), and leasing those aircrafts to airlines around the world. In addition to its leasing activities, it sells aircrafts from its operating lease portfolio to third-parties, including other leasing companies, financial services companies and airlines. It also provides fleet management services to investors and owners of aircraft portfolios. It provides aircrafts to airline customers in geographical regions, including markets, such as Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. The Company sells aircrafts that are operated by an airline with multiple years of lease term remaining on the contract.

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