Air Industries Group (NYSEAMERICAN:AIRI – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 32,948 shares, a growth of 117.3% from the April 15th total of 15,160 shares. Based on an average daily volume of 26,873 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AIRI. Dimensional Fund Advisors LP boosted its position in shares of Air Industries Group by 14.5% during the first quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock worth $104,000 after buying an additional 4,051 shares during the period. Virtu Financial LLC purchased a new position in shares of Air Industries Group during the fourth quarter worth $83,000. Citadel Advisors LLC purchased a new position in shares of Air Industries Group during the third quarter worth $77,000. Finally, Ground Swell Capital LLC purchased a new position in shares of Air Industries Group during the third quarter worth $42,000. Hedge funds and other institutional investors own 42.68% of the company’s stock.
Air Industries Group Trading Down 2.2%
Shares of AIRI traded down $0.06 during mid-day trading on Friday, reaching $2.71. The stock had a trading volume of 41,307 shares, compared to its average volume of 23,462. The firm has a market cap of $13.14 million, a price-to-earnings ratio of -9.68 and a beta of 0.07. Air Industries Group has a 52-week low of $2.55 and a 52-week high of $4.17. 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 business’s fifty day moving average is $3.18 and its 200 day moving average is $3.16.
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.
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