CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 21,700 shares, an increase of 7.4% from the January 15th total of 20,200 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 36,800 shares, the days-to-cover ratio is presently 0.6 days.
NYSEAMERICAN CVU opened at $4.87 on Friday. CPI Aerostructures has a 1 year low of $4.70 and a 1 year high of $8.64.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of CPI Aerostructures by 37.2% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,975 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 4,605 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of CPI Aerostructures in the 4th quarter worth $124,000. Morgan Stanley grew its stake in shares of CPI Aerostructures by 61.0% in the 2nd quarter. Morgan Stanley now owns 45,876 shares of the aerospace company’s stock worth $386,000 after acquiring an additional 17,384 shares in the last quarter. BlackRock Inc. grew its stake in shares of CPI Aerostructures by 108.2% in the 2nd quarter. BlackRock Inc. now owns 68,673 shares of the aerospace company’s stock worth $578,000 after acquiring an additional 35,693 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew its stake in shares of CPI Aerostructures by 3.7% in the 4th quarter. Essex Investment Management Co. LLC now owns 106,160 shares of the aerospace company’s stock worth $714,000 after acquiring an additional 3,741 shares in the last quarter.
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 aero systems, such as reconnaissance pod structures and fuel panel systems; and supplies parts for maintenance, repair, and overhaul (MRO), as well as kitting contracts.
Further Reading: Risk Tolerance
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