Could Fly Leasing Limited (NYSE:FLY) Skyrocket? The Stock Had Too Little Sellers

Fly Leasing Limited (NYSE:FLY) Logo

The stock of Fly Leasing Limited (NYSE:FLY) registered a decrease of 14.53% in short interest. FLY’s total short interest was 124,100 shares in December as published by FINRA. Its down 14.53% from 145,200 shares, reported previously. With 154,900 shares average volume, it will take short sellers 1 days to cover their FLY’s short positions. The short interest to Fly Leasing Limited’s float is 0.53%.

The stock decreased 0.41% or $0.05 during the last trading session, reaching $12.24. About 179,077 shares traded or 155.65% up from the average. Fly Leasing Limited (NYSE:FLY) has risen 1.96% since December 8, 2017 and is uptrending. It has underperformed by 13.66% the S&P500.

Fly Leasing Limited, together with its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. The company has market cap of $399.64 million. As of December 31, 2016, the firm had a fleet of 76 aircraft, including 65 narrow-body passenger aircraft and 11 wide-body passenger aircraft. It has a 5.67 P/E ratio.

More notable recent Fly Leasing Limited (NYSE:FLY) news were published by: Prnewswire.com which released: “Playoff-Bound College Football Fans Get An Extra Lift To The Games – PRNewswire” on December 07, 2018, also Thestreet.com with their article: “NYSE and Nasdaq to Close on Wednesday to Honor Late President George H.W. Bush – TheStreet.com” published on December 02, 2018, Bizjournals.com published: “Air New Zealand makes longest nonstop commercial flight in O’Hare history – Chicago Business Journal” on November 30, 2018. More interesting news about Fly Leasing Limited (NYSE:FLY) were released by: Stockhouse.com and their article: “Fly Leasing to Sell 12 Aircraft – Stockhouse” published on December 03, 2018 as well as Streetinsider.com‘s news article titled: “NYSE to Close Wednesday in Honor of President George HW Bush – StreetInsider.com” with publication date: December 03, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.