Air Industries Group (NYSEAMERICAN:AIRI) Short Interest Up 117.3% in April

Air Industries Group (NYSEAMERICAN:AIRI) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 32,948 shares, an increase of 117.3% from the April 15th total of 15,160 shares. Based on an average trading volume of 26,873 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.1% of the company’s stock are sold short.

Air Industries Group Price Performance

Shares of AIRI opened at $2.71 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. Air Industries Group has a twelve month low of $2.55 and a twelve month high of $4.17. The stock has a market capitalization of $13.14 million, a P/E ratio of -9.68 and a beta of 0.07. The company has a 50 day moving average of $3.18 and a 200-day moving average of $3.16.

Air Industries Group (NYSEAMERICAN:AIRI) last announced its quarterly earnings data on Friday, March 27th. The company reported $0.05 EPS for the quarter. The business had revenue of $12.81 million for the quarter. Air Industries Group had a negative net margin of 2.82% and a negative return on equity of 7.38%.

Hedge Funds Weigh In On Air Industries Group

A number of large investors have recently modified their holdings of AIRI. Virtu Financial LLC bought a new position in shares of Air Industries Group in the 4th quarter valued at about $83,000. Citadel Advisors LLC bought a new stake in Air Industries Group during the third quarter worth about $77,000. Ground Swell Capital LLC acquired a new position in Air Industries Group during the third quarter valued at approximately $42,000. Finally, Dimensional Fund Advisors LP boosted its position in Air Industries Group by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock valued at $104,000 after purchasing an additional 4,051 shares during the last quarter. 42.68% of the stock is currently owned by institutional investors and hedge funds.

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.