Short Interest in Air Industries Group (NYSEAMERICAN:AIRI) Rises By 215.9%

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 69,432 shares, a growth of 215.9% from the December 15th total of 21,979 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 541,621 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 541,621 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Air Industries Group

An institutional investor recently bought a new position in Air Industries Group stock. Citadel Advisors LLC bought a new stake in Air Industries Group (NYSEAMERICAN:AIRI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 24,629 shares of the company’s stock, valued at approximately $77,000. Citadel Advisors LLC owned 0.52% of Air Industries Group as of its most recent SEC filing. Institutional investors own 42.68% of the company’s stock.

Air Industries Group Stock Performance

AIRI stock traded up $0.01 during trading hours on Tuesday, hitting $3.31. 82,220 shares of the stock were exchanged, compared to its average volume of 90,062. Air Industries Group has a 12 month low of $2.77 and a 12 month high of $4.64. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $15.82 million, a P/E ratio of -5.91 and a beta of 0.02. The company has a 50-day simple moving average of $3.02 and a two-hundred day simple moving average of $3.18.

Air Industries Group (NYSEAMERICAN:AIRI) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter. Air Industries Group had a negative net margin of 4.01% and a negative return on equity of 12.48%. The business had revenue of $10.31 million during the quarter. On average, analysts forecast that Air Industries Group will post -0.21 earnings per share for the current fiscal year.

About Air Industries Group

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.