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

Air Industries Group (NYSEAMERICAN:AIRI) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 32,400 shares, a growth of 96.4% from the February 13th total of 16,500 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average trading volume of 53,800 shares, the short-interest ratio is currently 0.6 days.

Air Industries Group Stock Performance

Shares of NYSEAMERICAN:AIRI remained flat at $3.99 during midday trading on Friday. 35,544 shares of the company traded hands, compared to its average volume of 44,387. The company has a current ratio of 1.44, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $13.41 million, a P/E ratio of -22.17 and a beta of 0.18. The firm has a fifty day moving average price of $4.34 and a two-hundred day moving average price of $4.82. Air Industries Group has a 1-year low of $3.03 and a 1-year high of $9.44.

Institutional Investors Weigh In On Air Industries Group

Several hedge funds and other institutional investors have recently modified their holdings of AIRI. Citadel Advisors LLC bought a new stake in shares of Air Industries Group during the 4th quarter valued at about $58,000. Virtu Financial LLC bought a new stake in shares of Air Industries Group during the 3rd quarter valued at about $60,000. Empowered Funds LLC bought a new stake in shares of Air Industries Group during the 4th quarter valued at about $70,000. Two Sigma Investments LP bought a new stake in shares of Air Industries Group during the 4th quarter valued at about $74,000. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Air Industries Group during the 4th quarter valued at about $86,000. Institutional investors own 42.68% of the company’s stock.

About Air Industries Group

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.