Air Industries Group (NYSEAMERICAN:AIRI) Short Interest Up 326.6% in July

Air Industries Group (NYSEAMERICAN:AIRI) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 118,900 shares, an increase of 326.6% from the June 30th total of 27,869 shares. Based on an average daily trading volume, of 76,291 shares, the days-to-cover ratio is currently 1.6 days. Approximately 3.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of Air Industries Group during the fourth quarter worth about $83,000. Citadel Advisors LLC bought a new stake in Air Industries Group in the 3rd quarter valued at approximately $77,000. Finally, Dimensional Fund Advisors LP lifted its stake in Air Industries Group by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock valued at $104,000 after acquiring an additional 4,051 shares in the last quarter. 42.68% of the stock is owned by institutional investors and hedge funds.

Air Industries Group Trading Up 1.9%

Shares of NYSEAMERICAN:AIRI opened at $2.72 on Friday. The firm has a market cap of $13.19 million, a price-to-earnings ratio of -9.71 and a beta of 0.06. Air Industries Group has a 12 month low of $2.55 and a 12 month high of $3.95. The company’s fifty day simple moving average is $2.94 and its 200 day simple moving average is $3.13. The company has a quick ratio of 0.33, a current ratio of 1.25 and a debt-to-equity ratio of 0.08.

Air Industries Group (NYSEAMERICAN:AIRI) last announced its earnings results on Friday, March 27th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $12.81 million during the quarter. Air Industries Group had a negative net margin of 2.82% and a negative return on equity of 7.38%.

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.