Applied Aerospace & Defense, Inc. (NYSE:AADX) Short Interest Update

Applied Aerospace & Defense, Inc. (NYSE:AADX) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,213,308 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average trading volume of 3,543,136 shares, the short-interest ratio is presently 0.3 days. Currently, 0.7% of the company’s shares are short sold.

Insider Buying and Selling

In other Applied Aerospace & Defense news, Director James C. Katzman acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought at an average price of $20.00 per share, for a total transaction of $500,000.00. Following the acquisition, the director directly owned 29,250 shares in the company, valued at $585,000. The trade was a 588.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey L. Mcrae acquired 25,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $500,000.00. Following the transaction, the chief financial officer directly owned 25,000 shares in the company, valued at $500,000. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 58,500 shares of company stock valued at $1,170,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Stifel Nicolaus started coverage on shares of Applied Aerospace & Defense in a research report on Monday. They set a “buy” rating and a $24.00 target price on the stock. Jefferies Financial Group upgraded shares of Applied Aerospace & Defense to a “strong-buy” rating in a research note on Monday. Wall Street Zen raised shares of Applied Aerospace & Defense from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Robert W. Baird began coverage on shares of Applied Aerospace & Defense in a research note on Monday. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Wolfe Research assumed coverage on shares of Applied Aerospace & Defense in a research note on Monday. They issued an “outperform” rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.62.

Applied Aerospace & Defense Trading Down 3.5%

Applied Aerospace & Defense stock traded down $0.83 during trading hours on Thursday, reaching $23.02. The stock had a trading volume of 757,836 shares, compared to its average volume of 1,839,614. Applied Aerospace & Defense has a 52 week low of $17.08 and a 52 week high of $24.24.