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

Air Industries Group (NYSEAMERICAN:AIRI) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 75,905 shares, an increase of 89.6% from the February 12th total of 40,026 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 251,815 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 251,815 shares, the short-interest ratio is presently 0.3 days. Approximately 2.4% of the company’s shares are sold short.

Institutional Trading of Air Industries Group

Several large investors have recently added to or reduced their stakes in AIRI. Virtu Financial LLC purchased a new position in Air Industries Group in the fourth quarter valued at about $83,000. Citadel Advisors LLC acquired a new stake in Air Industries Group during the 3rd quarter valued at approximately $77,000. Finally, Ground Swell Capital LLC purchased a new stake in Air Industries Group during the 3rd quarter worth approximately $42,000. 42.68% of the stock is currently owned by institutional investors and hedge funds.

Air Industries Group Price Performance

Shares of Air Industries Group stock remained flat at $3.32 during trading hours on Thursday. 63,433 shares of the stock traded hands, compared to its average volume of 156,227. Air Industries Group has a 52 week low of $2.55 and a 52 week high of $4.17. The firm has a fifty day moving average price of $3.29 and a two-hundred day moving average price of $3.17. The firm has a market cap of $15.87 million, a P/E ratio of -5.93 and a beta of 0.03. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 0.08.

Air Industries Group Company Profile

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.