Airports of Thailand Public Company Limited (OTCMKTS:AIPUY - Get Free Report) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 834 shares, a drop of 14.7% from the February 12th total of 978 shares. Based on an average trading volume of 544 shares,
Airports of Thailand stock has dropped 36.3% since my buy rating in September, contrasting with a 2.4% gain for the S&P 500. AoT operates six major Thai airports, including Bangkok's Suvarnabhumi and Don Mueang, handling 119.3 million passengers in FY2024, down from pre-pandemic levels. Risks include macroeconomic instability and retail concession challenges, but expansion projects at Don Mueang and Suvarnabhumi airports offer significant long-term growth potential.