Air Industries Group (NYSEAMERICAN:AIRI) Sees Significant Increase in Short Interest

Air Industries Group (NYSEAMERICAN:AIRI) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 32,948 shares, an increase of 117.3% from the April 15th total of 15,160 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 26,873 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Air Industries Group

Several hedge funds have recently bought and sold shares of AIRI. Dimensional Fund Advisors LP grew its holdings in Air Industries Group by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock worth $104,000 after purchasing an additional 4,051 shares during the period. Virtu Financial LLC bought a new stake in Air Industries Group in the fourth quarter valued at approximately $83,000. Citadel Advisors LLC bought a new stake in Air Industries Group in the third quarter valued at approximately $77,000. Finally, Ground Swell Capital LLC acquired a new stake in shares of Air Industries Group in the third quarter valued at approximately $42,000. 42.68% of the stock is currently owned by institutional investors and hedge funds.

Air Industries Group Price Performance

NYSEAMERICAN:AIRI opened at $2.71 on Friday. The stock has a market capitalization of $13.14 million, a PE ratio of -9.68 and a beta of 0.07. Air Industries Group has a 1-year low of $2.55 and a 1-year high of $4.17. The firm has a fifty day simple moving average of $3.18 and a 200 day simple moving average of $3.16. The company has a current ratio of 1.25, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08.

Air Industries Group (NYSEAMERICAN:AIRI) last posted its quarterly earnings results on Friday, March 27th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $12.81 million for the quarter. Air Industries Group had a negative net margin of 2.82% and a negative return on equity of 7.38%.

About Air Industries Group

Air Industries Group, Inc (NYSE American: AIRI) is a precision engineering company headquartered in Ronkonkoma, New York. The firm specializes in the design, development and manufacture of air and gas handling solutions for high-performance applications. Its core offerings include turbomachinery components such as blowers, fans, compressors and turbines, as well as heat exchangers and related assemblies. Air Industries Group serves as an original equipment manufacturer (OEM) and a trusted supplier to a range of industries, with a particular focus on defense and aerospace.

The company’s product portfolio addresses the demanding requirements of military and commercial aerospace platforms, providing mission-critical airflow and thermal management systems.