AIRO Group Holdings, Inc. (NASDAQ:AIRO) Sees Significant Growth in Short Interest

AIRO Group Holdings, Inc. (NASDAQ:AIRO) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,638,345 shares, a growth of 47.2% from the February 26th total of 1,112,674 shares. Based on an average daily volume of 594,671 shares, the short-interest ratio is currently 2.8 days. Approximately 5.2% of the shares of the company are sold short.

AIRO Group Stock Performance

Shares of AIRO Group stock opened at $8.58 on Friday. The company has a market capitalization of $268.55 million and a P/E ratio of 429.00. The company has a fifty day moving average of $10.19 and a 200 day moving average of $12.53. AIRO Group has a fifty-two week low of $7.28 and a fifty-two week high of $39.07.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AIRO. Wall Street Zen raised AIRO Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reissued a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 29th. Finally, Mizuho decreased their target price on shares of AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.67.

Insider Transactions at AIRO Group

In other AIRO Group news, CFO Mariya Pylypiv sold 20,078 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $10.26, for a total value of $206,000.28. Following the completion of the sale, the chief financial officer owned 49,887 shares in the company, valued at $511,840.62. This represents a 28.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 20,657 shares of company stock worth $211,854 over the last three months.

Hedge Funds Weigh In On AIRO Group

Large investors have recently made changes to their positions in the business. Woodline Partners LP boosted its stake in shares of AIRO Group by 41.0% in the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after acquiring an additional 800,456 shares during the period. Alyeska Investment Group L.P. bought a new stake in AIRO Group during the 3rd quarter valued at approximately $15,030,000. Ilex Capital Partners UK LLP purchased a new position in AIRO Group in the 2nd quarter worth approximately $18,750,000. HighTower Advisors LLC boosted its stake in AIRO Group by 936.8% in the 4th quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after purchasing an additional 601,924 shares during the period. Finally, Vanguard Group Inc. grew its holdings in AIRO Group by 406.0% during the 3rd quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after buying an additional 405,951 shares in the last quarter.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.