CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Short Interest Down 22.5% in February

CPI Aerostructures, Inc. (NYSEAMERICAN:CVUGet Free Report) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 31,000 shares, a decrease of 22.5% from the January 31st total of 40,000 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 38,600 shares, the days-to-cover ratio is presently 0.8 days.

CPI Aerostructures Stock Performance

Shares of CVU stock opened at $2.53 on Friday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.45 and a current ratio of 1.51. The firm has a market capitalization of $32.06 million, a price-to-earnings ratio of 3.42 and a beta of 1.72. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $4.34.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of CPI Aerostructures in a research report on Wednesday. They set a “buy” rating for the company.

Get Our Latest Research Report on CPI Aerostructures

Hedge Funds Weigh In On CPI Aerostructures

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC acquired a new position in shares of CPI Aerostructures in the 4th quarter valued at $55,000. NewEdge Advisors LLC grew its position in CPI Aerostructures by 53.9% during the first quarter. NewEdge Advisors LLC now owns 19,671 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 6,892 shares during the period. Renaissance Technologies LLC acquired a new stake in CPI Aerostructures during the fourth quarter worth about $61,000. Geode Capital Management LLC purchased a new position in shares of CPI Aerostructures in the 4th quarter worth about $77,000. Finally, Citadel Advisors LLC lifted its stake in shares of CPI Aerostructures by 83.0% in the 4th quarter. Citadel Advisors LLC now owns 32,051 shares of the aerospace company’s stock valued at $87,000 after purchasing an additional 14,537 shares in the last quarter. Hedge funds and other institutional investors own 10.84% of the company’s stock.

About CPI Aerostructures

(Get Free Report)

CPI Aerostructures, Inc engages in the contract production of structural aircraft parts for fixed wing aircraft and helicopters in the commercial and defense markets. The company also offers aerosystems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.

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