Applied Aerospace & Defense, Inc. (NYSE:AADX) Short Interest Update

Applied Aerospace & Defense, Inc. (NYSE:AADX) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,570,969 shares, a decline of 41.0% from the June 30th total of 2,663,604 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 1,044,595 shares, the days-to-cover ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AADX shares. Robert W. Baird began coverage on shares of Applied Aerospace & Defense in a research report on Monday, June 29th. They set an “outperform” rating and a $30.00 price target on the stock. Jefferies Financial Group raised shares of Applied Aerospace & Defense to a “strong-buy” rating in a research note on Monday, June 29th. Royal Bank Of Canada began coverage on shares of Applied Aerospace & Defense in a report on Monday, June 29th. They set a “moderate buy” rating and a $24.00 target price on the stock. Wall Street Zen upgraded shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Stifel Nicolaus assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They set a “buy” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.62.

Applied Aerospace & Defense Stock Performance

Shares of Applied Aerospace & Defense stock traded up $0.07 on Thursday, reaching $17.38. 1,125,194 shares of the company were exchanged, compared to its average volume of 1,415,871. The stock’s 50 day moving average is $19.60. Applied Aerospace & Defense has a 1-year low of $16.57 and a 1-year high of $24.24.

Insider Buying and Selling at Applied Aerospace & Defense

In other news, CFO Jeffrey L. Mcrae purchased 25,000 shares of the firm’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 directly owned 25,000 shares of the company’s stock, valued at approximately $500,000. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Katzman purchased 25,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of $20.00 per share, with a total value of $500,000.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 58,500 shares of company stock valued at $1,170,000 over the last quarter.