Mistras Group, Inc. (NYSE:MG) Short Interest Down 24.9% in August

Mistras Group, Inc. (NYSE:MG) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 55,800 shares, a drop of 24.9% from the August 15th total of 74,300 shares. Based on an average daily trading volume, of 111,900 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Mistras Group

Large investors have recently added to or reduced their stakes in the stock. Mill Road Capital Management LLC lifted its holdings in shares of Mistras Group by 0.6% in the 4th quarter. Mill Road Capital Management LLC now owns 1,514,901 shares of the technology company’s stock worth $11,089,000 after buying an additional 9,779 shares during the period. Dimensional Fund Advisors LP lifted its stake in Mistras Group by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company’s stock worth $10,874,000 after acquiring an additional 44,550 shares during the period. Vanguard Group Inc. grew its holdings in Mistras Group by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 1,201,864 shares of the technology company’s stock worth $11,490,000 after acquiring an additional 29,140 shares in the last quarter. Empowered Funds LLC increased its position in Mistras Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 170,592 shares of the technology company’s stock valued at $1,631,000 after purchasing an additional 12,884 shares during the period. Finally, Verdad Advisers LP raised its holdings in shares of Mistras Group by 12.0% in the 4th quarter. Verdad Advisers LP now owns 112,000 shares of the technology company’s stock valued at $820,000 after purchasing an additional 12,000 shares in the last quarter. 74.92% of the stock is owned by hedge funds and other institutional investors.

Mistras Group Trading Up 1.0 %

MG opened at $10.77 on Friday. Mistras Group has a one year low of $4.96 and a one year high of $12.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.56 and a current ratio of 1.69. The stock has a market cap of $333.65 million, a price-to-earnings ratio of -28.34 and a beta of 1.72. The stock’s 50 day moving average price is $10.32 and its 200-day moving average price is $9.30.

Mistras Group (NYSE:MG) last released its earnings results on Wednesday, July 31st. The technology company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The business had revenue of $189.77 million for the quarter, compared to analyst estimates of $188.30 million. Mistras Group had a positive return on equity of 9.19% and a negative net margin of 0.74%. On average, equities analysts forecast that Mistras Group will post 0.8 EPS for the current year.

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.