Air Industries Group (NYSEAMERICAN:AIRI) Short Interest Up 89.6% in February

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 75,905 shares, a growth of 89.6% from the February 12th total of 40,026 shares. Based on an average daily trading volume, of 251,815 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.4% of the company’s stock are sold short. Currently, 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 251,815 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Air Industries Group

A number of institutional investors have recently modified their holdings of AIRI. Ground Swell Capital LLC acquired a new position in Air Industries Group in the third quarter worth about $42,000. Citadel Advisors LLC bought a new stake in Air Industries Group in the third quarter valued at about $77,000. Finally, Virtu Financial LLC acquired a new stake in Air Industries Group during the fourth quarter valued at approximately $83,000. Institutional investors and hedge funds own 42.68% of the company’s stock.

Air Industries Group Stock Down 1.5%

Shares of NYSEAMERICAN:AIRI traded down $0.05 during midday trading on Friday, reaching $3.27. The company had a trading volume of 67,610 shares, compared to its average volume of 157,616. The stock has a market capitalization of $15.63 million, a P/E ratio of -5.84 and a beta of 0.03. The stock’s fifty day moving average price is $3.30 and its 200-day moving average price is $3.17. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.30. Air Industries Group has a one year low of $2.55 and a one year high of $4.17.

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.