Applied Aerospace & Defense, Inc. (NYSE:AADX) Short Interest Up ∞ in June

Applied Aerospace & Defense, Inc. (NYSE:AADX) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,213,308 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average daily trading volume, of 3,543,136 shares, the short-interest ratio is currently 0.3 days. Approximately 0.7% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AADX shares. Royal Bank Of Canada began coverage on shares of Applied Aerospace & Defense in a research note on Monday. They set a “moderate buy” rating and a $24.00 target price for the company. Wolfe Research began coverage on shares of Applied Aerospace & Defense in a research note on Monday. They issued an “outperform” rating and a $23.00 price target on the stock. Bank of America assumed coverage on Applied Aerospace & Defense in a report on Monday. They set a “buy” rating and a $24.00 price target on the stock. Jefferies Financial Group upgraded Applied Aerospace & Defense to a “strong-buy” rating in a research report on Monday. Finally, UBS Group set a $24.00 price objective on Applied Aerospace & Defense in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.62.

Insider Buying and Selling at Applied Aerospace & Defense

In related news, CFO Jeffrey L. Mcrae bought 25,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the purchase, the chief financial officer owned 25,000 shares of the company’s stock, valued at $500,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James C. Katzman purchased 25,000 shares of Applied Aerospace & Defense stock in a transaction dated Thursday, June 4th. The shares were purchased at an average cost of $20.00 per share, with a total value of $500,000.00. Following the acquisition, the director owned 29,250 shares of the company’s stock, valued at approximately $585,000. This trade represents a 588.24% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 58,500 shares of company stock worth $1,170,000.

Applied Aerospace & Defense Price Performance

Shares of NYSE AADX opened at $23.02 on Friday. Applied Aerospace & Defense has a fifty-two week low of $17.08 and a fifty-two week high of $24.24.