Air Industries Group (NYSEAMERICAN:AIRI) Short Interest Down 89.5% in March

Air Industries Group (NYSEAMERICAN:AIRI) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 3,400 shares, a decrease of 89.5% from the February 28th total of 32,400 shares. Based on an average daily volume of 49,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Air Industries Group Trading Down 5.8 %

Shares of AIRI stock traded down $0.22 during mid-day trading on Friday, reaching $3.59. The company’s stock had a trading volume of 17,430 shares, compared to its average volume of 39,430. The company has a quick ratio of 0.30, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $12.06 million, a PE ratio of -19.94 and a beta of 0.18. The company’s 50 day simple moving average is $4.23 and its 200-day simple moving average is $4.85. Air Industries Group has a 12-month low of $3.03 and a 12-month high of $9.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in Air Industries Group in the 3rd quarter valued at about $60,000. Empowered Funds LLC purchased a new position in Air Industries Group in the fourth quarter valued at about $70,000. Geode Capital Management LLC increased its holdings in Air Industries Group by 26.6% during the 4th 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. Dimensional Fund Advisors LP purchased a new stake in Air Industries Group during the 4th quarter worth approximately $190,000. Finally, Citadel Advisors LLC acquired a new position in shares of Air Industries Group in the 4th quarter valued at approximately $58,000. Institutional investors and hedge funds 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.