Air Industries Group (NYSEAMERICAN:AIRI) Short Interest Up 215.9% in December

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 69,432 shares, a growth of 215.9% from the December 15th total of 21,979 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average trading volume of 541,621 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 541,621 shares, the days-to-cover ratio is presently 0.1 days. Approximately 2.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Air Industries Group

A hedge fund recently bought a new stake in Air Industries Group stock. Citadel Advisors LLC purchased a new stake in shares of Air Industries Group (NYSEAMERICAN:AIRI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 24,629 shares of the company’s stock, valued at approximately $77,000. Citadel Advisors LLC owned about 0.52% of Air Industries Group at the end of the most recent quarter. 42.68% of the stock is currently owned by institutional investors.

Air Industries Group Price Performance

NYSEAMERICAN AIRI traded up $0.01 on Tuesday, hitting $3.31. 82,220 shares of the company’s stock were exchanged, compared to its average volume of 90,062. The stock has a 50-day moving average of $3.02 and a 200-day moving average of $3.18. The stock has a market cap of $15.82 million, a price-to-earnings ratio of -5.91 and a beta of 0.02. Air Industries Group has a 52 week low of $2.77 and a 52 week high of $4.64. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 0.08.

Air Industries Group (NYSEAMERICAN:AIRI) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter. Air Industries Group had a negative return on equity of 12.48% and a negative net margin of 4.01%.The business had revenue of $10.31 million for the quarter. Analysts expect that Air Industries Group will post -0.21 earnings per share for the current year.

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.