AIRO Group Holdings, Inc. (NASDAQ:AIRO) Sees Large Growth in Short Interest

AIRO Group Holdings, Inc. (NASDAQ:AIRO) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,638,345 shares, an increase of 47.2% from the February 26th total of 1,112,674 shares. Currently, 5.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 594,671 shares, the short-interest ratio is presently 2.8 days.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded AIRO Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Mizuho dropped their price target on AIRO Group from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “sell (e)” rating on shares of AIRO Group in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, AIRO Group has an average rating of “Moderate Buy” and an average price target of $19.67.

AIRO Group Price Performance

Shares of NASDAQ:AIRO opened at $8.58 on Monday. The company’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $12.43. The stock has a market capitalization of $268.59 million and a price-to-earnings ratio of 429.00. AIRO Group has a 1 year low of $7.28 and a 1 year high of $39.07.

Insider Transactions at AIRO Group

In related news, CFO Mariya Pylypiv sold 20,078 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total transaction of $206,000.28. Following the sale, the chief financial officer owned 49,887 shares of the company’s stock, valued at $511,840.62. This represents a 28.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 20,657 shares of company stock worth $211,854 over the last 90 days.

Institutional Trading of AIRO Group

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new stake in AIRO Group in the third quarter valued at about $25,000. Leonteq Securities AG bought a new position in AIRO Group in the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in AIRO Group during the fourth quarter worth about $30,000. Raymond James Financial Inc. bought a new position in shares of AIRO Group in the second quarter worth about $43,000. Finally, New York State Common Retirement Fund bought a new position in shares of AIRO Group in the fourth quarter worth about $43,000.

About AIRO Group

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.