Air Lease Corporation June 15th Short Interest Update

Air Lease Corporation (NYSE:AL) encountered a rise of 5.1% or 372,346 shares in the short positions. The number escalated from 7,354,711 on May 31,2016 to 7,727,057 on June 15,2016. The final interest is 8.1% of the floated stock. The days to cover figure of 7 can be arrived using the average daily exchange of 1,038,518 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Air Lease Corporation (NYSE:AL): The stock opened at $26.50 on Friday but the bulls could not build on the opening and the stock topped out at $26.87 for the day. The stock traded down to $26.06 during the day, due to lack of any buying support eventually closed down at $26.27 with a loss of -6.61% for the day. The stock had closed at $28.13 on the previous day. The total traded volume was 1,973,370 shares.

The company shares have dropped -23.39% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $37.14 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $29.11 and the 200 Day Moving Average price is recorded at $29.61.

Air Lease Corporation (NYSE:AL) has tumbled 2.31% during the past week and has dropped 12.29% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.68%. Air Lease Corporation (NYSE:AL) has underperformed the index by 9.63% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

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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