Air Industries Group (NYSEAMERICAN:AIRI) Short Interest Update

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 33,990 shares, a drop of 44.9% from the March 15th total of 61,633 shares. Based on an average daily trading volume, of 68,880 shares, the short-interest ratio is currently 0.5 days. Approximately 1.1% of the company’s shares are sold short.

Air Industries Group Stock Up 1.6%

NYSEAMERICAN:AIRI traded up $0.05 during trading hours on Monday, reaching $3.16. The company had a trading volume of 62,496 shares, compared to its average volume of 54,393. The company has a quick ratio of 0.33, a current ratio of 1.24 and a debt-to-equity ratio of 0.08. The firm has a market cap of $15.10 million, a price-to-earnings ratio of -9.29 and a beta of 0.05. The business’s 50-day simple moving average is $3.26 and its two-hundred day simple moving average is $3.18. Air Industries Group has a twelve month low of $2.55 and a twelve month high of $4.17.

Institutional Investors Weigh In On Air Industries Group

A number of large investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Air Industries Group in the fourth quarter worth $83,000. Citadel Advisors LLC acquired a new stake in Air Industries Group in the third quarter worth $77,000. Finally, Ground Swell Capital LLC acquired a new stake in Air Industries Group in the third quarter worth $42,000. 42.68% of the stock is currently owned by institutional investors and hedge funds.

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.