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

Air Industries Group (NYSEAMERICAN:AIRI) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,400 shares, a drop of 89.5% from the February 28th total of 32,400 shares. Based on an average trading volume of 49,100 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Trading of Air Industries Group

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP acquired a new stake in Air Industries Group in the fourth quarter valued at $190,000. Bridgeway Capital Management LLC purchased a new stake in shares of Air Industries Group in the 4th quarter worth about $86,000. Two Sigma Investments LP acquired a new stake in Air Industries Group in the 4th quarter valued at about $74,000. Empowered Funds LLC purchased a new position in Air Industries Group during the 4th quarter valued at about $70,000. Finally, Citadel Advisors LLC purchased a new position in Air Industries Group during the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 42.68% of the company’s stock.

Air Industries Group Stock Performance

NYSEAMERICAN AIRI traded down $0.04 on Thursday, hitting $3.68. 7,755 shares of the company’s stock were exchanged, compared to its average volume of 39,806. 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’s 50-day moving average price is $4.24 and its two-hundred day moving average price is $4.85. The firm has a market cap of $12.36 million, a price-to-earnings ratio of -20.44 and a beta of 0.18. Air Industries Group has a fifty-two week low of $3.03 and a fifty-two week high of $9.44.

Air Industries Group Company Profile

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.