AIRO Group Holdings, Inc. (NASDAQ:AIRO) Short Interest Up 31.4% in March

AIRO Group Holdings, Inc. (NASDAQ:AIRO) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 2,153,116 shares, an increase of 31.4% from the March 15th total of 1,638,345 shares. Currently, 6.9% of the company’s shares are sold short. Based on an average daily volume of 764,600 shares, the days-to-cover ratio is presently 2.8 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on AIRO. BTIG Research reissued a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th. Wall Street Zen downgraded AIRO Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Mizuho dropped their price objective on AIRO Group from $25.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Weiss Ratings restated a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.67.

Insider Activity at AIRO Group

In other news, CFO Mariya Pylypiv sold 20,078 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total transaction of $206,000.28. Following the transaction, the chief financial officer owned 49,887 shares of the company’s stock, valued at approximately $511,840.62. The trade was a 28.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO John Uczekaj sold 3,415 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $8.84, for a total value of $30,188.60. Following the transaction, the chief operating officer directly owned 20,111 shares in the company, valued at approximately $177,781.24. This represents a 14.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 23,889 shares of company stock worth $240,319.

Institutional Investors Weigh In On AIRO Group

Several hedge funds have recently made changes to their positions in AIRO. Woodline Partners LP lifted its holdings in shares of AIRO Group by 41.0% in the 3rd quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after buying an additional 800,456 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of AIRO Group in the 3rd quarter worth $15,030,000. HighTower Advisors LLC lifted its holdings in shares of 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 buying an additional 601,924 shares during the period. Vanguard Group Inc. lifted its holdings in shares of AIRO Group by 406.0% in the 3rd quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock worth $9,714,000 after buying an additional 405,951 shares during the period. Finally, MYDA Advisors LLC purchased a new stake in shares of AIRO Group in the 4th quarter worth $1,963,000.

AIRO Group Stock Up 3.5%

AIRO opened at $8.36 on Thursday. The business has a fifty day moving average of $9.39 and a 200 day moving average of $11.45. AIRO Group has a 52-week low of $7.28 and a 52-week high of $39.07. The stock has a market cap of $262.75 million and a P/E ratio of 418.00.

AIRO Group (NASDAQ:AIRO) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $48.28 million for the 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.