AIRO Group Holdings, Inc. (NASDAQ:AIRO) Short Interest Update

AIRO Group Holdings, Inc. (NASDAQ:AIRO) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,027,044 shares, a growth of 31.4% from the January 29th total of 781,598 shares. Based on an average daily trading volume, of 390,830 shares, the short-interest ratio is presently 2.6 days. Approximately 3.3% of the company’s stock are sold short. Approximately 3.3% of the company’s stock are sold short. Based on an average daily trading volume, of 390,830 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of AIRO Group

Several institutional investors have recently modified their holdings of AIRO. Geode Capital Management LLC acquired a new stake in AIRO Group during the 2nd quarter worth $355,000. Creative Planning purchased a new stake in shares of AIRO Group in the 2nd quarter valued at about $217,000. Telligent Fund LP acquired a new stake in shares of AIRO Group in the 2nd quarter valued at about $963,000. Manchester Capital Management LLC acquired a new stake in shares of AIRO Group in the 2nd quarter valued at about $86,000. Finally, Norges Bank purchased a new position in AIRO Group during the 2nd quarter worth approximately $481,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AIRO shares. BTIG Research reduced their price objective on AIRO Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Weiss Ratings restated a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 29th. Mizuho decreased their price objective on AIRO Group from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Cantor Fitzgerald lowered their price objective on AIRO Group from $35.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, November 21st. Finally, Wall Street Zen upgraded shares of AIRO Group from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, AIRO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

AIRO Group Stock Performance

AIRO opened at $9.80 on Monday. AIRO Group has a one year low of $7.28 and a one year high of $39.07. The company has a market cap of $306.74 million and a P/E ratio of 490.00. The business’s 50-day simple moving average is $10.40 and its 200-day simple moving average is $14.18.

About AIRO Group

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.