Air Industries Group (NYSEAMERICAN:AIRI) Short Interest Down 58.3% in January

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 13,900 shares, a drop of 58.3% from the January 15th total of 33,300 shares. Based on an average trading volume of 60,500 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the company’s shares are sold short.

Air Industries Group Stock Down 2.1 %

AIRI traded down $0.09 during trading on Friday, hitting $4.14. The stock had a trading volume of 17,154 shares, compared to its average volume of 39,836. The company has a market capitalization of $13.91 million, a PE ratio of -23.00 and a beta of 0.18. Air Industries Group has a twelve month low of $3.03 and a twelve month high of $9.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.30 and a current ratio of 1.44. The stock has a 50 day simple moving average of $4.51 and a two-hundred day simple moving average of $4.80.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Air Industries Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in shares of Air Industries Group during the third quarter worth $60,000. Empowered Funds LLC purchased a new position in shares of Air Industries Group during the fourth quarter worth $70,000. Geode Capital Management LLC raised its holdings in shares of Air Industries Group by 26.6% during the fourth quarter. Geode Capital Management LLC now owns 25,367 shares of the company’s stock worth $103,000 after purchasing an additional 5,329 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Air Industries Group during the fourth quarter worth $190,000. Hedge funds and other institutional investors own 42.68% of the company’s stock.

Air Industries Group Company Profile

Air Industries Group, together with its subsidiaries, engages in the design, manufacture, and sale of precision components and assemblies for defense and commercial aerospace industry in the United States. It offers actuators, arresting gears, aerostructures, aircraft structures, chaff pod assemblies, machining and milling solutions, cylinders, drag beams and braces, flight controls, flight safety critical components, integrated assemblies, landing gears, large diameter turn-mills, submarine valves, thrust struts, engine mounts, and turbine engine components and weldments for aircraft jet engines, ground turbines, and other complex machines.