AIRO Group Holdings, Inc. (NASDAQ:AIRO) Short Interest Up 47.2% in March

Key Points

• Short interest in AIRO surged 47.2% in March to 1,638,345 shares, equal to about 5.2% of shares outstanding and a days-to-cover ratio of 2.8.
• CFO Mariya Pylypiv sold 20,078 shares on March 12 at an average of $10.26 (≈$206,000), reducing her ownership by 28.7%.
• Analysts' consensus is a Moderate Buy (three Buys, one Sell) with an average price target of $19.67, while the stock trades near $8.58 and has a 52‑week range of $7.28–$39.07.

AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,638,345 shares, an increase of 47.2% from the February 26th total of 1,112,674 shares. Approximately 5.2% of the shares of the company are sold short. Based on an average trading volume of 594,671 shares, the days-to-cover ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AIRO shares. Wall Street Zen upgraded shares of AIRO Group from a "sell" rating to a "hold" rating in a report on Saturday, December 20th. Mizuho decreased their target price on shares of AIRO Group from $25.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a "sell (e)" rating on shares of AIRO Group in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, AIRO Group currently has an average rating of "Moderate Buy" and an average price target of $19.67.

Insider Activity at AIRO Group

In other news, CFO Mariya Pylypiv sold 20,078 shares of AIRO Group stock in a transaction that occurred on Thursday, March 12th. The shares were 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 directly owned 49,887 shares in the company, valued at $511,840.62. The trade was a 28.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 20,657 shares of company stock valued at $211,854 in the last three months.

Institutional Trading of AIRO Group

Several large investors have recently added to or reduced their stakes in AIRO. Strs Ohio purchased a new stake in AIRO Group during the third quarter valued at approximately $25,000. Raymond James Financial Inc. purchased a new position in shares of AIRO Group during the 2nd quarter worth $43,000. Invesco Ltd. grew its position in shares of AIRO Group by 1.2% during the 4th quarter. Invesco Ltd. now owns 200,630 shares of the company's stock valued at $1,641,000 after acquiring an additional 2,395 shares during the period. Bank of America Corp DE purchased a new stake in shares of AIRO Group in the 2nd quarter worth $60,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of AIRO Group in the 3rd quarter worth $54,000.

AIRO Group Stock Down 5.3%

AIRO Group stock opened at $8.58 on Friday. AIRO Group has a 52-week low of $7.28 and a 52-week high of $39.07. The company has a market cap of $268.55 million and a P/E ratio of 429.00. The business has a 50-day simple moving average of $10.19 and a two-hundred day simple moving average of $12.53.

About AIRO Group

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.

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