Snowcap Research says short FTAI Infrastructure

Snowcap Research said that it is short FTAI Infrastructure (FIP). FTAI is an “overleveraged collection of infrastructure assets that are bleeding cash and seem headed for an imminent liquidity crisis” now that PIK dividends are off the table. The firm says its investigation suggests touted growth catalysts are “exaggerated or fake,” and adds that management “have not hit a single growth target in 8 years.”