AIRO Group Holdings, Inc. (NASDAQ:AIRO) Short Interest Update

Key Points

• Short interest surged 31.4% to 2,153,116 shares as of March 31, representing about 6.9% of shares short and a short-interest ratio of 2.8 days based on average daily volume.
• Insiders have been sellers recently — CFO Mariya Pylypiv sold 20,078 shares at $10.26 (a 28.7% cut to her stake) and COO John Uczekaj sold 3,415 shares at $8.84 (the latter to cover tax withholding), with insiders disposing of 23,889 shares (~$240k) in the past 90 days.
• Analyst views are mixed with a MarketBeat consensus "Hold" and a $19.67 target (two Buys, one Hold, one Sell), while the stock trades around $8.08 with a market cap near $254 million.

AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) was the target of a large increase in short interest in 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. Based on an average daily volume of 764,600 shares, the short-interest ratio is presently 2.8 days. Currently, 6.9% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AIRO shares. Wall Street Zen cut AIRO Group from a "hold" rating to a "sell" rating in a research note on Saturday. Mizuho decreased their price target on AIRO Group from $25.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. BTIG Research reissued a "neutral" rating on shares of AIRO Group in a research note on Wednesday, April 8th. Finally, Weiss Ratings reissued a "sell (e)" rating on shares of AIRO Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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 transaction, the chief financial officer owned 49,887 shares of the company's stock, valued at $511,840.62. This represents a 28.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John Uczekaj sold 3,415 shares of the company's stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $8.84, for a total value of $30,188.60. Following the completion of the transaction, the chief operating officer directly owned 20,111 shares of the company's stock, valued at approximately $177,781.24. The trade was a 14.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 23,889 shares of company stock valued at $240,319.

Institutional Investors Weigh In On AIRO Group

Several large investors have recently added to or reduced their stakes in the business. Woodline Partners LP grew its stake in AIRO Group by 41.0% during the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company's stock worth $52,859,000 after purchasing an additional 800,456 shares during the period. Alyeska Investment Group L.P. acquired a new stake in AIRO Group during the third quarter worth approximately $15,030,000. HighTower Advisors LLC grew its stake in AIRO Group by 936.8% during the fourth 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. Vanguard Group Inc. grew its stake in AIRO Group by 406.0% during the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company's stock worth $9,714,000 after purchasing an additional 405,951 shares during the period. Finally, UBS Group AG grew its stake in AIRO Group by 246.9% during the third quarter. UBS Group AG now owns 250,733 shares of the company's stock worth $4,814,000 after purchasing an additional 178,460 shares during the period.

AIRO Group Trading Up 2.8%

Shares of AIRO stock opened at $8.08 on Wednesday. The stock has a market cap of $253.95 million and a price-to-earnings ratio of 404.00. The stock has a 50-day moving average of $9.41 and a 200-day moving average of $11.48. AIRO Group has a 1-year low of $7.28 and a 1-year high of $39.07.

AIRO Group (NASDAQ:AIRO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.02 earnings per share for the quarter. The company had revenue of $48.28 million during the quarter.

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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