Short Interest in Air Industries Group (NYSEAMERICAN:AIRI) Declines By 89.5%

Air Industries Group (NYSEAMERICAN:AIRI) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 3,400 shares, a decline of 89.5% from the February 28th total of 32,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 49,100 shares, the short-interest ratio is presently 0.1 days.

Air Industries Group Price Performance

Shares of Air Industries Group stock traded down $0.22 during trading on Friday, hitting $3.59. 17,430 shares of the company were exchanged, compared to its average volume of 39,430. The firm has a 50 day moving average price of $4.23 and a 200 day moving average price of $4.85. The stock has a market capitalization of $12.06 million, a price-to-earnings ratio of -19.94 and a beta of 0.18. The company has a quick ratio of 0.30, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. Air Industries Group has a fifty-two week low of $3.03 and a fifty-two week high of $9.44.

Institutional Trading of Air Industries Group

A number of large investors have recently made changes to their positions in AIRI. Dimensional Fund Advisors LP purchased a new position in Air Industries Group in the 4th quarter valued at about $190,000. Bridgeway Capital Management LLC acquired a new stake in Air Industries Group during the fourth quarter worth approximately $86,000. Two Sigma Investments LP acquired a new stake in Air Industries Group during the fourth quarter worth approximately $74,000. Empowered Funds LLC purchased a new stake in Air Industries Group in the 4th quarter worth approximately $70,000. Finally, Citadel Advisors LLC purchased a new position in shares of Air Industries Group during the 4th quarter worth $58,000. Institutional investors and hedge funds 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.