Short Interest in Air Industries Group (NYSEAMERICAN:AIRI) Declines By 44.9%

Air Industries Group (NYSEAMERICAN:AIRI) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 33,990 shares, a drop of 44.9% from the March 15th total of 61,633 shares. Based on an average daily volume of 68,880 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.1% of the shares of the company are short sold.

Air Industries Group Stock Performance

AIRI traded down $0.04 during trading hours on Wednesday, hitting $3.21. The stock had a trading volume of 3,260 shares, compared to its average volume of 101,018. The company’s fifty day simple moving average is $3.26 and its 200 day simple moving average is $3.18. Air Industries Group has a 1 year low of $2.55 and a 1 year high of $4.17. The stock has a market cap of $15.34 million, a PE ratio of -9.44 and a beta of 0.05. The company has a quick ratio of 0.33, a current ratio of 1.24 and a debt-to-equity ratio of 0.08.

Institutional Trading of Air Industries Group

Large investors have recently modified their holdings of the business. Ground Swell Capital LLC purchased a new position in Air Industries Group in the 3rd quarter worth approximately $42,000. Citadel Advisors LLC purchased a new position in Air Industries Group in the 3rd quarter worth approximately $77,000. Finally, Virtu Financial LLC purchased a new position in Air Industries Group in the 4th quarter worth approximately $83,000. Institutional investors own 42.68% of the company’s stock.

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.