Short Interest in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Decreases By 71.5%

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totalling 13,600 shares, a decrease of 71.5% from the February 27th total of 47,800 shares. Based on an average daily trading volume, of 99,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Separately, Canaccord Genuity lowered shares of CPI Aerostructures from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th.

Shares of CVU traded up $0.38 during trading hours on Thursday, reaching $2.10. 445,329 shares of the company traded hands, compared to its average volume of 142,668. CPI Aerostructures has a 1-year low of $1.29 and a 1-year high of $8.64.

Several institutional investors and hedge funds have recently made changes to their positions in CVU. Russell Investments Group Ltd. raised its position in CPI Aerostructures by 7.2% in the fourth quarter. Russell Investments Group Ltd. now owns 757,613 shares of the aerospace company’s stock worth $5,098,000 after purchasing an additional 50,590 shares in the last quarter. Heartland Advisors Inc. raised its position in CPI Aerostructures by 10.2% in the fourth quarter. Heartland Advisors Inc. now owns 592,000 shares of the aerospace company’s stock worth $3,984,000 after purchasing an additional 55,000 shares in the last quarter. Penn Capital Management Co. Inc. raised its position in CPI Aerostructures by 17.2% in the fourth quarter. Penn Capital Management Co. Inc. now owns 552,747 shares of the aerospace company’s stock worth $3,720,000 after purchasing an additional 80,940 shares in the last quarter. Boston Partners raised its position in CPI Aerostructures by 18.2% in the third quarter. Boston Partners now owns 259,486 shares of the aerospace company’s stock worth $2,133,000 after purchasing an additional 39,869 shares in the last quarter. Finally, Walthausen & Co. LLC raised its position in CPI Aerostructures by 147.9% in the fourth quarter. Walthausen & Co. LLC now owns 235,020 shares of the aerospace company’s stock worth $1,582,000 after purchasing an additional 140,230 shares in the last quarter.

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 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.

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