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

Mistras Group, Inc. (NYSE:MG - Get Free Report) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 224,700 shares, an increase of 37.1% from the December 15th total of 163,900 shares. Based on an average trading volume of 147,400 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.2% of the shares of the company are short sold.

Mistras Group Stock Performance

Shares of Mistras Group stock traded up $0.14 during trading hours on Friday, reaching $9.63. 96,776 shares of the stock traded hands, compared to its average volume of 101,425. Mistras Group has a one year low of $7.45 and a one year high of $12.44. The firm has a market capitalization of $298.53 million, a price-to-earnings ratio of 27.51, a P/E/G ratio of 0.65 and a beta of 1.77. The company has a quick ratio of 1.55, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average price of $9.10 and a 200 day moving average price of $9.97.

Institutional Trading of Mistras Group

Several large investors have recently added to or reduced their stakes in the business. Mill Road Capital Management LLC raised its position in Mistras Group by 4.7% in the third quarter. Mill Road Capital Management LLC now owns 1,599,145 shares of the technology company's stock worth $18,182,000 after acquiring an additional 72,025 shares during the period. Dimensional Fund Advisors LP raised its holdings in Mistras Group by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,311,715 shares of the technology company's stock worth $10,874,000 after purchasing an additional 44,550 shares during the period. Geode Capital Management LLC lifted its position in Mistras Group by 0.9% during the third quarter. Geode Capital Management LLC now owns 453,389 shares of the technology company's stock valued at $5,156,000 after purchasing an additional 4,014 shares in the last quarter. Foundry Partners LLC grew its holdings in Mistras Group by 1.0% during the third quarter. Foundry Partners LLC now owns 379,713 shares of the technology company's stock valued at $4,317,000 after purchasing an additional 3,593 shares during the period. Finally, State Street Corp increased its position in Mistras Group by 4.8% in the third quarter. State Street Corp now owns 317,579 shares of the technology company's stock worth $3,611,000 after buying an additional 14,651 shares in the last quarter. 74.92% of the stock is currently owned by institutional investors.

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.