Air Industries Group (NYSEAMERICAN:AIRI) Sees Significant Increase in Short Interest

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 32,400 shares, a growth of 96.4% from the February 13th total of 16,500 shares. Based on an average trading volume of 53,800 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in Air Industries Group by 26.6% in the 4th quarter. Geode Capital Management LLC now owns 25,367 shares of the company’s stock valued at $103,000 after buying an additional 5,329 shares during the period. Virtu Financial LLC increased its stake in shares of Air Industries Group by 55.8% during the 4th quarter. Virtu Financial LLC now owns 16,699 shares of the company’s stock worth $68,000 after purchasing an additional 5,982 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Air Industries Group during the 4th quarter worth $58,000. Empowered Funds LLC acquired a new position in shares of Air Industries Group during the 4th quarter worth $70,000. Finally, Two Sigma Investments LP acquired a new position in shares of Air Industries Group during the 4th quarter worth $74,000. Institutional investors and hedge funds own 42.68% of the company’s stock.

Air Industries Group Price Performance

Shares of AIRI stock remained flat at $3.99 during trading hours on Friday. 35,544 shares of the stock were exchanged, compared to its average volume of 44,387. The firm has a market capitalization of $13.41 million, a price-to-earnings ratio of -22.17 and a beta of 0.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 0.30. The firm has a fifty day moving average of $4.34 and a two-hundred day moving average of $4.82. Air Industries Group has a twelve month low of $3.03 and a twelve month high of $9.44.

About Air Industries Group

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.