Applied Aerospace & Defense, Inc. (NYSE:AADX) Short Interest Update

Applied Aerospace & Defense, Inc. (NYSE:AADXGet 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

Several brokerages have commented on AADX. Zacks Research upgraded shares of Applied Aerospace & Defense to a “hold” rating in a research note on Tuesday, June 30th. Jefferies Financial Group upgraded Applied Aerospace & Defense to a “strong-buy” rating in a research report on Monday, June 29th. Royal Bank Of Canada started coverage on Applied Aerospace & Defense in a report on Monday, June 29th. They issued a “moderate buy” rating and a $24.00 target price on the stock. Morgan Stanley assumed coverage on Applied Aerospace & Defense in a research report on Monday, June 29th. They issued an “equal weight” rating and a $23.00 target price on the stock. Finally, Wolfe Research began coverage on Applied Aerospace & Defense in a research note on Monday, June 29th. They set an “outperform” rating and a $23.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Applied Aerospace & Defense currently has an average rating of “Moderate Buy” and a consensus target price of $24.62.

View Our Latest Stock Analysis on Applied Aerospace & Defense

Applied Aerospace & Defense, Inc is an industrials company in the Aerospace & Defense industry.

Recommended Stories

Receive News & Ratings for Applied Aerospace & Defense Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Aerospace & Defense and related companies with MarketBeat.com's FREE daily email newsletter.