Air Industries Group (NYSEAMERICAN:AIRI) Sees Large Growth in Short Interest

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

Institutional Trading of Air Industries Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in Air Industries Group during the third quarter worth about $77,000. Virtu Financial LLC bought a new position in Air Industries Group in the fourth quarter valued at approximately $83,000. Finally, Dimensional Fund Advisors LP grew its stake in Air Industries Group by 14.5% in the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock valued at $104,000 after purchasing an additional 4,051 shares in the last quarter. Institutional investors and hedge funds own 42.68% of the company’s stock.

Air Industries Group Stock Performance

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

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

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.