What’s in Spirit Airlines Inc (NYSE:SAVE) After Decline in Shorted Shares?

Spirit Airlines, Inc. (NYSE:SAVE) Logo

Investors sentiment increased to 1.1 in 2018 Q4. Its up 0.20, from 0.9 in 2018Q3. It increased, as 24 investors sold Spirit Airlines, Inc. shares while 81 reduced holdings. 67 funds opened positions while 48 raised stakes. 66.28 million shares or 8.36% less from 72.33 million shares in 2018Q3 were reported.
The New York-based Bluemountain Capital Mngmt Limited Liability Company has invested 0.22% in Spirit Airlines, Inc. (NYSE:SAVE). First Trust Ltd Partnership owns 89,266 shares. Northwestern Mutual Wealth Mgmt reported 0% stake. Employees Retirement Sys Of Texas invested in 52,000 shares. Bancorp Of Montreal Can holds 6,672 shares. Public Employees Retirement System Of Ohio reported 0% of its portfolio in Spirit Airlines, Inc. (NYSE:SAVE). The Germany-based Dekabank Deutsche Girozentrale has invested 0.02% in Spirit Airlines, Inc. (NYSE:SAVE). Moreover, Toronto Dominion Financial Bank has 0% invested in Spirit Airlines, Inc. (NYSE:SAVE). Ironwood Inv Mgmt Ltd Liability Corp stated it has 36,329 shares. Moody Bank Division stated it has 122 shares or 0% of all its holdings. 25,555 are held by Pacific Glob. Mcf Advisors Llc accumulated 49 shares. 97,000 were reported by Rbf Capital Ltd Llc. Mountain Lake Mgmt Ltd Liability Com holds 350,000 shares. Price T Rowe Assoc Md stated it has 24,670 shares.

Since December 3, 2018, it had 0 insider buys, and 2 sales for $170,708 activity. JOHNSON ROBERT D also sold $48,488 worth of Spirit Airlines, Inc. (NYSE:SAVE) shares.

The stock of Spirit Airlines Inc (NYSE:SAVE) registered a decrease of 7.55% in short interest. SAVE’s total short interest was 2.78 million shares in May as published by FINRA. Its down 7.55% from 3.00 million shares, reported previously. With 1.34 million shares average volume, it will take short sellers 2 days to cover their SAVE’s short positions. The short interest to Spirit Airlines Inc’s float is 4.08%.

The stock decreased 1.72% or $0.88 during the last trading session, reaching $49.9. About 542,570 shares traded. Spirit Airlines, Inc. (NYSE:SAVE) has risen 40.89% since May 8, 2018 and is uptrending. It has outperformed by 36.52% the S&P500.

Spirit Airlines, Inc. provides low-fare airline services. The company has market cap of $3.42 billion. As of February 7, 2017, it operated approximately 420 daily flights to 59 destinations in the United States, the Caribbean, and Latin America. It has a 13.29 P/E ratio. As of December 31, 2016, the firm had a fleet of 95 Airbus single-aisle aircraft comprising 29 A319s, 45 A320ceos, 5 A320neos, and 16 A321ceos.

More notable recent Spirit Airlines, Inc. (NYSE:SAVE) news were published by: Benzinga.com which released: “Buckingham Anticipates Takeoff In Spirit Airlines (NYSE:SAVE) Shares – Benzinga” on July 25, 2018, also Finance.Yahoo.com with their article: “Here’s What Hedge Funds Think About Tribune Media Company (TRCO) – Yahoo Finance” published on April 25, 2019, Seekingalpha.com published: “Wall Street Breakfast: Powerhouse Earnings And U.S.-Japan Trade Talks On Tap – Seeking Alpha” on April 25, 2019. More interesting news about Spirit Airlines, Inc. (NYSE:SAVE) were released by: Benzinga.com and their article: “41 Stocks Moving In Thursday’s Mid-Day Session – Benzinga” published on April 25, 2019 as well as Benzinga.com‘s news article titled: “Spirit Airlines Could Continue To Fly High In 2019, Raymond James Says (NYSE:SAVE) – Benzinga” with publication date: January 17, 2019.

Spirit Airlines, Inc. (NYSE:SAVE) Institutional Positions Chart

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