Air Industries Group (NYSEAMERICAN:AIRI) Sees Significant Drop in Short Interest

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 47,289 shares, a decrease of 19.0% from the January 15th total of 58,391 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 120,531 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 120,531 shares, the short-interest ratio is presently 0.4 days. Approximately 1.5% of the company’s shares are sold short.

Air Industries Group Stock Performance

Air Industries Group stock opened at $3.19 on Friday. The firm has a 50-day moving average of $3.20 and a 200-day moving average of $3.16. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 0.08. The firm has a market cap of $15.25 million, a P/E ratio of -5.70 and a beta of 0.05. Air Industries Group has a 1-year low of $2.77 and a 1-year high of $4.20.

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

Institutional Trading of Air Industries Group

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

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.