10 Worst Aerospace Stocks To Buy According to Short Sellers

4. Spirit Aerosystems Holdings, Inc. (NYSE:SPR)

Short % of Float: 8.71%

Number of Hedge Fund Holders: 32

Spirit AeroSystems (NYSE:SPR) is a non-original equipment manufacturer (OEM) manufacturer of aerostructures that serves markets for commercial airplanes, business/regional jets, and military platforms. Its operations are divided into three segments: Commercial, Defense & Space, and Aftermarket. Its Commercial segment includes the design and manufacturing of forward, mid, and rear fuselage sections and systems, nacelles, struts, and related engine and structural components.

It also covers miscellaneous structural parts. The Defense & Space segment includes the design and manufacturing of structural parts primarily for the United States government defense programs. The Aftermarket segment, in contrast, includes the design, marketing, and manufacturing of spare parts, along with offering maintenance, repair, and overhaul services.

The company is redefining its transformation strategy to offer low-fare and high-value travel options that allow guests to experience an elevated experience at affordable prices. It believes this plan will be its path to profitability. As part of this transformation, it is offering four travel options that offer extra flexibility without change or cancellation fees. These options include Go Comfy, Go Big, Go Savvy, and Go.

While it is focusing on offering guests a quality low-fare experience, Spirit Aerosystems (NYSE:SPR) will also offer a premium leisure experience with more space, flexibility, and amenities to its customers.  It is also debuting other travel-enhancing options, including designated priority check-in and a new boarding process. These offerings will prioritize the company’s Go Big guests, Free Spirit World Elite MasterCard holders, Free Spirit Gold and Silver members, and Active-duty US Service members.

Overall, the company is focusing on refinancing its debt, deploying its new re-imagined products into the market, improving its overall liquidity position, and growing its loyalty programs. It ranks fourth on our list of the 10 worst aerospace stocks to buy according to short sellers.