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

Mistras Group, Inc. (NYSE:MG) was the recipient of a significant growth in short interest during the month of 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 company’s shares are short sold. Based on an average daily volume of 147,400 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in shares of Mistras Group by 27.6% during the 2nd quarter. American Century Companies Inc. now owns 14,536 shares of the technology company’s stock worth $121,000 after acquiring an additional 3,143 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of 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 worth $143,000 after acquiring an additional 8,298 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Mistras Group during the 3rd quarter worth approximately $151,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Mistras Group by 21.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 18,630 shares of the technology company’s stock worth $212,000 after acquiring an additional 3,327 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Mistras Group by 12.3% during the 2nd quarter. Rhumbline Advisers now owns 26,250 shares of the technology company’s stock worth $218,000 after acquiring an additional 2,884 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Trading Up 1.4 %

NYSE:MG traded up $0.14 during trading hours on Friday, hitting $9.63. The company had a trading volume of 96,776 shares, compared to its average volume of 142,629. Mistras Group has a 52 week low of $7.45 and a 52 week high of $12.44. The company has a market capitalization of $298.53 million, a PE ratio of 27.51, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.68 and a quick ratio of 1.55. The stock has a 50-day moving average price of $9.10 and a 200 day moving average price of $9.97.

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.