CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Short Interest Update

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) saw a large 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. Based on an average daily volume of 34,700 shares, the short-interest ratio is presently 0.9 days. Currently, 0.4% of the company’s stock are short sold.

CPI Aerostructures Stock Performance

CVU stock opened at $3.14 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.58 and a quick ratio of 1.54. The company has a market cap of $40.95 million, a P/E ratio of 2.40 and a beta of 1.69. CPI Aerostructures has a fifty-two week low of $2.15 and a fifty-two week high of $3.40.

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on CPI Aerostructures in a research note 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.