Air Industries Group (NYSEAMERICAN:AIRI) Short Interest Up 326.6% in July

Air Industries Group (NYSEAMERICAN:AIRI) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 118,900 shares, an increase of 326.6% from the June 30th total of 27,869 shares. Based on an average daily volume of 76,291 shares, the short-interest ratio is presently 1.6 days. Currently, 3.8% of the shares of the company are short sold.

Air Industries Group Trading Down 0.7%

Shares of AIRI stock opened at $2.70 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.33 and a debt-to-equity ratio of 0.08. The stock has a market cap of $13.10 million, a P/E ratio of -9.64 and a beta of 0.06. The stock has a 50 day simple moving average of $2.94 and a 200 day simple moving average of $3.13. Air Industries Group has a 1 year low of $2.55 and a 1 year high of $3.95.

Air Industries Group (NYSEAMERICAN:AIRI) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.05 EPS for the quarter. The firm had revenue of $12.81 million for the quarter. Air Industries Group had a negative return on equity of 7.38% and a negative net margin of 2.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in Air Industries Group during the third quarter worth about $77,000. Virtu Financial LLC bought a new position in Air Industries Group in the 4th quarter valued at about $83,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Air Industries Group by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 32,053 shares of the company’s stock valued at $104,000 after buying an additional 4,051 shares in the last quarter. Institutional investors own 42.68% of the company’s stock.

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.