CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Sees Large Increase in Short Interest

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 11,000 shares, a growth of 93.0% from the June 15th total of 5,700 shares. Based on an average trading volume of 60,600 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of CPI Aerostructures in a research note on Tuesday. They issued a “buy” rating for the company.

CPI Aerostructures Stock Performance

NYSEAMERICAN CVU traded up $0.05 during trading hours on Friday, hitting $2.36. The company had a trading volume of 11,126 shares, compared to its average volume of 45,870. CPI Aerostructures has a 1-year low of $2.15 and a 1-year high of $4.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.53 and a quick ratio of 1.48. The company has a market capitalization of $30.35 million, a PE ratio of 1.80 and a beta of 1.67.

CPI Aerostructures (NYSEAMERICAN:CVU) last announced its earnings results on Wednesday, May 15th. The aerospace company reported $0.01 EPS for the quarter. CPI Aerostructures had a net margin of 19.62% and a return on equity of 17.51%. The business had revenue of $19.08 million during the quarter.

CPI Aerostructures Company Profile

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 offers aerostructure and aerosystem assemblies, including new production and repair/overhaul of fielded wing structures and other control surfaces, rudder island, engine inlets/nacelles, engine exhaust manifolds, aircraft doors and windows, aircraft steps and racks, other aircraft secondary structures, airborne pod structures and integration of internal systems, radar housing structures, panel assemblies, and mechanical door locking and canopy lifting systems.