Short Interest in Applied Aerospace & Defense, Inc. (NYSE:AADX) Rises By ∞

Applied Aerospace & Defense, Inc. (NYSE:AADX) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,213,308 shares, a growth of ∞ from the May 31st total of 0 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 3,543,136 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

AADX has been the subject of a number of research analyst reports. Morgan Stanley began coverage on shares of Applied Aerospace & Defense in a report on Monday. They issued an “equal weight” rating and a $23.00 price target for the company. Wolfe Research began coverage on shares of Applied Aerospace & Defense in a research report on Monday. They set an “outperform” rating and a $23.00 target price on the stock. Royal Bank Of Canada started coverage on shares of Applied Aerospace & Defense in a report on Monday. They issued a “moderate buy” rating and a $24.00 target price for the company. UBS Group set a $24.00 price target on shares of Applied Aerospace & Defense in a research report on Sunday. Finally, Stifel Nicolaus assumed coverage on Applied Aerospace & Defense in a research note on Monday. They set a “buy” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Applied Aerospace & Defense presently has a consensus rating of “Buy” and a consensus price target of $24.62.

Insider Transactions at Applied Aerospace & Defense

In other Applied Aerospace & Defense news, Director Susan D. Lynch purchased 8,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $160,000.00. Following the acquisition, the director owned 8,000 shares in the company, valued at $160,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey L. Mcrae purchased 25,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average price 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 $500,000. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 58,500 shares of company stock worth $1,170,000 in the last 90 days.

Applied Aerospace & Defense Price Performance

Shares of NYSE:AADX opened at $22.57 on Wednesday. Applied Aerospace & Defense has a one year low of $17.08 and a one year high of $23.00.