Mesa Air Group, Inc. (NASDAQ:MESA) Short Interest Update

Mesa Air Group, Inc. (NASDAQ:MESA) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 324,900 shares, a growth of 97.1% from the January 31st total of 164,800 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 247,900 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Mesa Air Group

Several institutional investors have recently modified their holdings of MESA. Squarepoint Ops LLC purchased a new stake in shares of Mesa Air Group during the 4th quarter worth approximately $117,000. Pinnacle Holdings LLC lifted its position in shares of Mesa Air Group by 10.8% during the 4th quarter. Pinnacle Holdings LLC now owns 757,125 shares of the company’s stock worth $878,000 after buying an additional 73,736 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mesa Air Group during the 4th quarter worth approximately $44,000. Renaissance Technologies LLC lifted its position in shares of Mesa Air Group by 50.4% during the 4th quarter. Renaissance Technologies LLC now owns 82,414 shares of the company’s stock worth $96,000 after buying an additional 27,614 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Mesa Air Group by 64.9% during the 4th quarter. Federated Hermes Inc. now owns 65,352 shares of the company’s stock worth $76,000 after buying an additional 25,715 shares during the last quarter. Hedge funds and other institutional investors own 13.34% of the company’s stock.

Mesa Air Group Stock Up 2.7 %

Mesa Air Group stock traded up $0.03 during trading on Friday, reaching $1.14. The stock had a trading volume of 106,842 shares, compared to its average volume of 233,137. Mesa Air Group has a 52-week low of $0.75 and a 52-week high of $1.89. The business has a 50 day moving average price of $1.24 and a 200 day moving average price of $1.14. The company has a quick ratio of 0.29, a current ratio of 0.45 and a debt-to-equity ratio of 2.13. The stock has a market cap of $47.10 million, a PE ratio of -0.50 and a beta of 3.09.

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.