Applied Aerospace & Defense, Inc. (NYSE:AADX – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,570,969 shares, a drop of 41.0% from the June 30th total of 2,663,604 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,044,595 shares, the short-interest ratio is presently 1.5 days.
Applied Aerospace & Defense Stock Up 8.3%
Applied Aerospace & Defense stock traded up $1.44 during mid-day trading on Friday, reaching $18.80. 1,299,091 shares of the company’s stock traded hands, compared to its average volume of 1,412,946. The firm’s 50 day moving average price is $19.58. Applied Aerospace & Defense has a 12-month low of $16.57 and a 12-month high of $24.24.
Insider Activity
In related news, Director James C. Katzman bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the director owned 29,250 shares in the company, valued at $585,000. The trade was a 588.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jeffrey L. Mcrae bought 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average cost of $20.00 per share, with a total value of $500,000.00. Following the completion of the purchase, the chief financial officer directly owned 25,000 shares of the company’s stock, valued at $500,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 58,500 shares of company stock worth $1,170,000 over the last quarter.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Applied Aerospace & Defense
Applied Aerospace & Defense, Inc is an industrials company in the Aerospace & Defense industry.
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