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

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 75,905 shares, a growth of 89.6% from the February 12th total of 40,026 shares. Based on an average daily volume of 251,815 shares, the days-to-cover ratio is currently 0.3 days. Approximately 2.4% of the company’s shares are short sold. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 251,815 shares, the days-to-cover ratio is currently 0.3 days.

Air Industries Group Price Performance

Shares of AIRI remained flat at $3.32 during mid-day trading on Thursday. 63,433 shares of the company traded hands, compared to its average volume of 156,227. The business has a fifty day moving average of $3.29 and a 200-day moving average of $3.17. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 0.08. Air Industries Group has a twelve month low of $2.55 and a twelve month high of $4.17. The company has a market cap of $15.87 million, a PE ratio of -5.93 and a beta of 0.03.

Institutional Trading of Air Industries Group

Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Air Industries Group during the 4th quarter worth $83,000. Citadel Advisors LLC acquired a new position in Air Industries Group in the third quarter valued at $77,000. Finally, Ground Swell Capital LLC purchased a new stake in Air Industries Group during the third quarter valued at about $42,000. 42.68% of the stock is owned by hedge funds and other institutional investors.

Air Industries Group Company Profile

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.