Mistras Group, Inc. (NYSE:MG) Short Interest Update

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

Analysts Set New Price Targets

Separately, StockNews.com raised Mistras Group from a "buy" rating to a "strong-buy" rating in a report on Monday.

Mistras Group Trading Up 0.8 %

MG traded up $0.08 during trading on Wednesday, reaching $10.03. 35,021 shares of the company's stock were exchanged, compared to its average volume of 109,410. The stock has a market capitalization of $311.03 million, a PE ratio of 28.66, a price-to-earnings-growth ratio of 0.72 and a beta of 1.76. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. Mistras Group has a one year low of $7.45 and a one year high of $12.44. The firm has a fifty day moving average price of $9.28 and a two-hundred day moving average price of $10.11.

Institutional Investors Weigh In On Mistras Group

Several large investors have recently modified their holdings of MG. Barclays PLC increased its position in Mistras Group by 118.5% in the 3rd quarter. Barclays PLC now owns 37,760 shares of the technology company's stock valued at $430,000 after buying an additional 20,482 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $5,156,000 after purchasing an additional 4,014 shares during the period. JPMorgan Chase & Co. increased its position in shares of Mistras Group by 554.4% during the third quarter. JPMorgan Chase & Co. now owns 62,512 shares of the technology company's stock valued at $711,000 after buying an additional 52,960 shares during the period. State Street Corp raised its position in shares of 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. Finally, Inspire Investing LLC bought a new position in shares of Mistras Group in the third quarter worth approximately $907,000. 74.92% of the stock is currently owned by institutional investors and hedge funds.

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.