Mesa Air Group, Inc. (NASDAQ:MESA) Short Interest Down 24.9% in February

Mesa Air Group, Inc. (NASDAQ:MESA) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 244,100 shares, a decrease of 24.9% from the February 13th total of 324,900 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 231,100 shares, the days-to-cover ratio is presently 1.1 days.

Mesa Air Group Stock Performance

Shares of NASDAQ MESA traded down $0.02 during mid-day trading on Tuesday, hitting $0.97. The company had a trading volume of 32,177 shares, compared to its average volume of 267,978. Mesa Air Group has a 12 month low of $0.75 and a 12 month high of $1.89. The stock has a market cap of $40.08 million, a price-to-earnings ratio of -0.42 and a beta of 3.07. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.45 and a quick ratio of 0.29. The firm’s 50 day simple moving average is $1.19 and its two-hundred day simple moving average is $1.12.

Hedge Funds Weigh In On Mesa Air Group

Several institutional investors have recently modified their holdings of MESA. Squarepoint Ops LLC acquired a new position in Mesa Air Group during the 4th quarter worth $117,000. Millennium Management LLC acquired a new stake in Mesa Air Group in the fourth quarter worth about $25,000. Pinnacle Holdings LLC grew its position in Mesa Air Group by 10.8% in the 4th quarter. Pinnacle Holdings LLC now owns 757,125 shares of the company’s stock valued at $878,000 after buying an additional 73,736 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Mesa Air Group during the 4th quarter valued at about $44,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Mesa Air Group by 50.4% in the 4th quarter. Renaissance Technologies LLC now owns 82,414 shares of the company’s stock worth $96,000 after acquiring an additional 27,614 shares during the period. Institutional investors own 13.34% of the company’s stock.

Mesa Air Group Company Profile

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo services. As of September 30, 2023, it operated a fleet of 80 aircraft with approximately 296 daily departures to 86 cities in the United States and Mexico.