Air Industries Group (NYSEAMERICAN:AIRI) Short Interest Up 215.9% in December

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 69,432 shares, an increase of 215.9% from the December 15th total of 21,979 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 541,621 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 541,621 shares, the short-interest ratio is currently 0.1 days. Approximately 2.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Air Industries Group stock. Citadel Advisors LLC purchased a new stake in shares of Air Industries Group (NYSEAMERICAN:AIRI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,629 shares of the company’s stock, valued at approximately $77,000. Citadel Advisors LLC owned approximately 0.52% of Air Industries Group as of its most recent SEC filing. Institutional investors own 42.68% of the company’s stock.

Air Industries Group Trading Up 0.6%

Shares of NYSEAMERICAN:AIRI traded up $0.02 during midday trading on Wednesday, hitting $3.36. 194,861 shares of the stock traded hands, compared to its average volume of 334,735. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. Air Industries Group has a one year low of $2.77 and a one year high of $4.64. The stock has a market capitalization of $16.06 million, a PE ratio of -6.00 and a beta of 0.02. The business’s 50 day moving average is $3.04 and its two-hundred day moving average is $3.18.

Air Industries Group (NYSEAMERICAN:AIRI) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $10.31 million for the quarter. Air Industries Group had a negative net margin of 4.01% and a negative return on equity of 12.48%. As a group, research analysts forecast that Air Industries Group will post -0.21 earnings per share for the current year.

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.