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

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 30,900 shares, an increase of 12.8% from the August 15th total of 27,400 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 34,700 shares, the days-to-cover ratio is currently 0.9 days.

CPI Aerostructures Price Performance

CPI Aerostructures stock opened at $3.14 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $40.95 million, a PE ratio of 2.40 and a beta of 1.69. CPI Aerostructures has a 1 year low of $2.15 and a 1 year high of $3.40.

CPI Aerostructures (NYSEAMERICAN:CVU) last issued its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.11 earnings per share for the quarter. CPI Aerostructures had a return on equity of 14.87% and a net margin of 19.86%. The business had revenue of $20.81 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of CPI Aerostructures in a report on Friday, September 13th. They issued a “buy” rating on the stock.

About CPI Aerostructures

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.