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

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

Mistras Group Price Performance

NYSE:MG traded down $0.01 during mid-day trading on Thursday, hitting $9.49. 16,283 shares of the stock traded hands, compared to its average volume of 95,143. The business’s 50-day moving average price is $9.08 and its 200 day moving average price is $9.97. The company has a market cap of $294.28 million, a PE ratio of 27.11, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77. Mistras Group has a 12-month low of $7.45 and a 12-month high of $12.44. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93.

Hedge Funds Weigh In On Mistras Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Mistras Group by 554.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company’s stock worth $711,000 after acquiring an additional 52,960 shares during the last quarter. Barclays PLC raised its holdings in Mistras Group by 118.5% during the 3rd quarter. Barclays PLC now owns 37,760 shares of the technology company’s stock valued at $430,000 after buying an additional 20,482 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mistras Group by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company’s stock valued at $5,156,000 after buying an additional 4,014 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Mistras Group by 193.7% during the 3rd 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 during the last quarter. Finally, XTX Topco Ltd bought a new position in Mistras Group in the 3rd quarter worth $151,000. Hedge funds and other institutional investors own 74.92% of the company’s stock.

About Mistras Group

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.