Short Interest in Air Industries Group (NYSEAMERICAN:AIRI) Declines By 26.5%

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 2,500 shares, a decrease of 26.5% from the March 15th total of 3,400 shares. Based on an average trading volume of 36,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Air Industries Group

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in shares of Air Industries Group during the 4th quarter valued at about $58,000. Virtu Financial LLC purchased a new stake in Air Industries Group in the third quarter valued at approximately $60,000. Empowered Funds LLC acquired a new position in Air Industries Group during the fourth quarter worth approximately $70,000. Two Sigma Investments LP acquired a new position in Air Industries Group during the fourth quarter worth approximately $74,000. Finally, Bridgeway Capital Management LLC purchased a new position in Air Industries Group during the fourth quarter worth approximately $86,000. 42.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Air Industries Group in a research note on Tuesday, April 15th. They set a “hold” rating on the stock.

Air Industries Group Trading Down 0.3 %

AIRI traded down $0.01 during trading on Friday, hitting $3.15. The company’s stock had a trading volume of 4,552 shares, compared to its average volume of 34,390. Air Industries Group has a twelve month low of $3.00 and a twelve month high of $9.44. The firm’s 50 day moving average price is $3.81 and its 200-day moving average price is $4.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 0.30. The stock has a market cap of $10.58 million, a PE ratio of -17.50 and a beta of 0.18.

About Air Industries Group

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.