Short Interest in Air Industries Group (NYSEAMERICAN:AIRI) Expands By 326.6%

Air Industries Group (NYSEAMERICAN:AIRI) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 118,900 shares, an increase of 326.6% from the June 30th total of 27,869 shares. Based on an average trading volume of 76,291 shares, the short-interest ratio is currently 1.6 days. Currently, 3.8% of the shares of the stock are short sold.

Air Industries Group Price Performance

NYSEAMERICAN:AIRI traded down $0.02 during mid-day trading on Monday, reaching $2.70. The stock had a trading volume of 8,571 shares, compared to its average volume of 70,778. Air Industries Group has a 12 month low of $2.55 and a 12 month high of $3.95. The stock has a market capitalization of $13.10 million, a PE ratio of -9.64 and a beta of 0.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.33. The stock has a 50-day simple moving average of $2.94 and a two-hundred day simple moving average of $3.13.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Citadel Advisors LLC acquired a new position in Air Industries Group during the 3rd quarter worth about $77,000. Virtu Financial LLC bought a new stake in Air Industries Group during the fourth quarter valued at $83,000. 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 acquiring an additional 4,051 shares during the last quarter. 42.68% of the stock is currently owned by institutional investors.

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.