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.
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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