Short Interest in Air Industries Group (NYSEAMERICAN:AIRI) Expands By 96.4%

Air Industries Group (NYSEAMERICAN:AIRI) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 32,400 shares, a growth of 96.4% from the February 13th total of 16,500 shares. Based on an average daily volume of 53,800 shares, the short-interest ratio is currently 0.6 days. Approximately 1.3% of the shares of the company are sold short.

Air Industries Group Price Performance

NYSEAMERICAN:AIRI remained flat at $3.99 during mid-day trading on Friday. The company’s stock had a trading volume of 35,544 shares, compared to its average volume of 44,387. The company has a 50 day moving average of $4.34 and a two-hundred day moving average of $4.82. 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 company has a market cap of $13.41 million, a price-to-earnings ratio of -22.17 and a beta of 0.18.

Hedge Funds Weigh In On Air Industries Group

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP bought a new position in shares of Air Industries Group in the fourth quarter worth about $190,000. Geode Capital Management LLC boosted its stake in shares of Air Industries Group by 26.6% in the fourth quarter. Geode Capital Management LLC now owns 25,367 shares of the company’s stock worth $103,000 after acquiring an additional 5,329 shares during the period. Bridgeway Capital Management LLC bought a new position in shares of Air Industries Group in the fourth quarter worth about $86,000. Two Sigma Investments LP bought a new position in shares of Air Industries Group in the fourth quarter worth about $74,000. Finally, Empowered Funds LLC bought a new position in shares of Air Industries Group in the fourth quarter worth about $70,000. Institutional investors own 42.68% of the company’s stock.

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.