Fly Leasing Limited (FLY) : Traders are negative on Fly Leasing Limited (FLY), as it has 0.2% of short positions outstanding compared to its float. The total shorts have reduced by -30,822 shares, which is a -23.1% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,133,339 to 102,517 shares. While the daily trading volume of the stock is 156,557, there are 1 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Fly Leasing Limited (NYSE:FLY): The stock opened at $11.98 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.15 for the day. The stock traded down to $11.94 during the day, due to lack of any buying support eventually closed down at $11.94 with a loss of -0.91% for the day. The stock had closed at $12.05 on the previous day. The total traded volume was 119,869 shares.
Fly Leasing Limited (Fly) is engaged in purchasing commercial aircraft which it leases under multi-year contracts to a range of airlines throughout the world. As of December 31, 2014, the Companys aircraft portfolio consisted of 127 commercial jet aircraft, consisting of 116 narrow-body passenger aircraft, including two freighters, and 11 wide-body passenger aircraft. Fly primarily acquires aircraft by entering into purchase and leaseback transactions with airlines for new aircraft, purchasing portfolios consisting of aircraft of various types and ages, and acquiring individual aircraft. As of December 31, 2014, the Company had 72 Boeing aircraft and 55 Airbus aircraft in its fleet. As of December 31, 2014, the Companys aircraft portfolio ranged across 64 airlines in 36 countries. Fly Leasing Management Co. Limited (Manager) manages the Companys operations.