Short Interest in Air Industries Group (NYSEAMERICAN:AIRI) Drops By 15.4%

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 40,026 shares, a decrease of 15.4% from the January 29th total of 47,289 shares. Based on an average daily volume of 54,187 shares, the short-interest ratio is currently 0.7 days. Currently, 1.3% of the company’s shares are short sold. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 54,187 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Air Industries Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIRI. Virtu Financial LLC acquired a new position in Air Industries Group during the fourth quarter worth $83,000. Citadel Advisors LLC acquired a new position in Air Industries Group during the 3rd quarter worth about $77,000. Finally, Ground Swell Capital LLC acquired a new position in Air Industries Group during the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 42.68% of the company’s stock.

Air Industries Group Trading Up 8.9%

Shares of NYSEAMERICAN:AIRI traded up $0.29 during midday trading on Wednesday, reaching $3.54. 280,835 shares of the company’s stock were exchanged, compared to its average volume of 130,432. The stock has a market cap of $16.92 million, a price-to-earnings ratio of -6.32 and a beta of 0.03. Air Industries Group has a fifty-two week low of $2.55 and a fifty-two week high of $4.17. The firm’s 50 day simple moving average is $3.26 and its two-hundred day simple moving average is $3.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.30.

About Air Industries Group

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.