Short Interest in CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) Rises By 12.8%

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 30,900 shares, a growth 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 currently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on CPI Aerostructures in a research note on Friday, September 13th. They issued a “buy” rating for the company.

CPI Aerostructures Trading Up 1.6 %

Shares of CVU stock opened at $3.14 on Wednesday. CPI Aerostructures has a 52-week low of $2.15 and a 52-week high of $3.40. The company has a quick ratio of 1.54, a current ratio of 1.58 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $40.95 million, a price-to-earnings ratio of 2.30 and a beta of 1.69.

CPI Aerostructures (NYSEAMERICAN:CVU) last issued its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.11 earnings per share (EPS) 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.

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.