Mistras Group, Inc. (NYSE:MG) Short Interest Up 37.1% in December

Mistras Group, Inc. (NYSE:MG) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 224,700 shares, a growth of 37.1% from the December 15th total of 163,900 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 147,400 shares, the days-to-cover ratio is presently 1.5 days.

Mistras Group Price Performance

Shares of NYSE:MG traded down $0.01 during midday trading on Thursday, hitting $9.49. The stock had a trading volume of 16,283 shares, compared to its average volume of 95,143. The company’s 50-day moving average price is $9.08 and its 200-day moving average price is $9.97. The company has a market capitalization of $294.28 million, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. Mistras Group has a fifty-two week low of $7.45 and a fifty-two week high of $12.44.

Hedge Funds Weigh In On Mistras Group

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in Mistras Group by 27.6% in the 2nd quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock valued at $121,000 after acquiring an additional 3,143 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Mistras Group by 193.7% in the third quarter. Public Employees Retirement System of Ohio now owns 12,583 shares of the technology company’s stock valued at $143,000 after buying an additional 8,298 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Mistras Group in the third quarter valued at about $151,000. Wealth Enhancement Advisory Services LLC increased its holdings in Mistras Group by 21.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock worth $212,000 after buying an additional 3,327 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Mistras Group by 12.3% during the second quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after purchasing an additional 2,884 shares during the period. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Mistras Group Company Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.