Air Industries Group (NYSEAMERICAN:AIRI) Sees Large Drop in Short Interest

Air Industries Group (NYSEAMERICAN:AIRI) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,400 shares, a drop of 89.5% from the February 28th total of 32,400 shares. Based on an average trading volume of 49,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Air Industries Group Stock Performance

NYSEAMERICAN:AIRI traded down $0.12 during trading hours on Wednesday, hitting $3.72. 19,620 shares of the company traded hands, compared to its average volume of 40,368. The company has a current ratio of 1.44, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. Air Industries Group has a twelve month low of $3.03 and a twelve month high of $9.44. The firm has a 50-day moving average of $4.24 and a 200 day moving average of $4.85. The stock has a market capitalization of $12.50 million, a price-to-earnings ratio of -20.67 and a beta of 0.18.

Institutional Trading of Air Industries Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Air Industries Group during the 3rd quarter valued at about $60,000. Empowered Funds LLC bought a new position in Air Industries Group during the fourth quarter worth about $70,000. Geode Capital Management LLC boosted its holdings in Air Industries Group by 26.6% during the fourth quarter. Geode Capital Management LLC now owns 25,367 shares of the company’s stock valued at $103,000 after purchasing an additional 5,329 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Air Industries Group in the 4th quarter valued at approximately $190,000. Finally, Citadel Advisors LLC acquired a new position in shares of Air Industries Group in the 4th quarter worth approximately $58,000. 42.68% of the stock is currently owned by institutional investors.

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.