Mesa Air Group, Inc. (NASDAQ:MESA - Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 197,000 shares, a decrease of 26.7% from the December 31st total of 268,600 shares. Based on an average daily volume of 248,700 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the stock are sold short.
Mesa Air Group Price Performance
MESA stock traded up $0.01 during mid-day trading on Tuesday, reaching $1.27. The company's stock had a trading volume of 126,785 shares, compared to its average volume of 258,300. The stock has a market cap of $52.26 million, a PE ratio of -0.55 and a beta of 3.09. The company has a current ratio of 0.45, a quick ratio of 0.29 and a debt-to-equity ratio of 2.13. Mesa Air Group has a fifty-two week low of $0.75 and a fifty-two week high of $1.89. The company's 50 day moving average is $1.21 and its two-hundred day moving average is $1.18.
Institutional Trading of Mesa Air Group
An institutional investor recently raised its position in Mesa Air Group stock. Renaissance Technologies LLC grew its position in Mesa Air Group, Inc. (NASDAQ:MESA - Free Report) by 69.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,300 shares of the company's stock after buying an additional 13,700 shares during the period. Renaissance Technologies LLC owned 0.08% of Mesa Air Group worth $57,000 as of its most recent SEC filing. 13.34% of the stock is owned by institutional investors and hedge funds.
Mesa Air Group Company Profile
(
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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.
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