Mirion Technologies, Inc. (NYSE:MIR) Short Interest Up 23.2% in November

Mirion Technologies, Inc. (NYSE:MIR) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 4,520,000 shares, an increase of 23.2% from the October 31st total of 3,670,000 shares. Based on an average daily volume of 2,140,000 shares, the short-interest ratio is presently 2.1 days. Currently, 2.0% of the company’s stock are short sold.

Insider Activity at Mirion Technologies

In related news, insider Emmanuelle Lee sold 3,405 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total value of $48,589.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at approximately $21,786,079.87. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,405 shares of company stock valued at $285,939. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Hedge funds have recently bought and sold shares of the business. Innealta Capital LLC bought a new position in Mirion Technologies in the 2nd quarter valued at about $39,000. Quest Partners LLC increased its holdings in Mirion Technologies by 680.5% in the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after buying an additional 5,866 shares during the period. SkyView Investment Advisors LLC bought a new position in Mirion Technologies in the 3rd quarter valued at about $111,000. Integrated Advisors Network LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at approximately $120,000. Finally, Paloma Partners Management Co bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at approximately $122,000. 78.51% of the stock is owned by institutional investors.

Mirion Technologies Stock Performance

Shares of NYSE MIR traded down $0.42 during mid-day trading on Monday, reaching $16.45. 2,318,981 shares of the company were exchanged, compared to its average volume of 1,375,647. The company’s 50-day simple moving average is $14.15 and its 200-day simple moving average is $11.80. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.82 billion, a P/E ratio of -48.38 and a beta of 0.73. Mirion Technologies has a twelve month low of $8.89 and a twelve month high of $17.09.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The business had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. During the same period in the prior year, the business posted $0.03 earnings per share. Mirion Technologies’s revenue was up 8.2% compared to the same quarter last year. As a group, research analysts predict that Mirion Technologies will post 0.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MIR has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price target on shares of Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Citigroup raised their target price on shares of Mirion Technologies from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, B. Riley started coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 target price for the company.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.