Short Interest in Mistras Group, Inc. (NYSE:MG) Grows By 37.1%

Mistras Group, Inc. (NYSE:MG) was the target of a large 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. Based on an average trading volume of 147,400 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

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

Mistras Group Stock Up 1.4 %

MG traded up $0.14 on Friday, reaching $9.63. The company’s stock had a trading volume of 96,776 shares, compared to its average volume of 142,629. 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. The stock has a 50 day moving average of $9.10 and a two-hundred day moving average of $9.97. The company has a market capitalization of $298.53 million, a price-to-earnings ratio of 27.51, a P/E/G ratio of 0.65 and a beta of 1.77.

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.