Short Interest in Mirion Technologies, Inc. (NYSE:MIR) Decreases By 15.0%

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 4,090,000 shares, a decline of 15.0% from the December 31st total of 4,810,000 shares. Based on an average trading volume of 2,260,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.9% of the shares of the stock are sold short.

Mirion Technologies Stock Performance

NYSE MIR traded up $0.20 during trading hours on Wednesday, hitting $16.07. The company had a trading volume of 928,659 shares, compared to its average volume of 2,055,701. The company has a market cap of $3.73 billion, a PE ratio of -47.25 and a beta of 0.73. Mirion Technologies has a 1-year low of $9.11 and a 1-year high of $18.81. The business has a 50 day moving average of $17.03 and a 200-day moving average of $13.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MIR. The Goldman Sachs Group boosted their target price on Mirion Technologies from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Citigroup upped their target price on Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Baird R W raised shares of Mirion Technologies to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Robert W. Baird initiated coverage on shares of Mirion Technologies in a report on Thursday, December 19th. They issued an "outperform" rating and a $22.00 price objective for the company. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mirion Technologies has an average rating of "Buy" and a consensus target price of $19.25.

Hedge Funds Weigh In On Mirion Technologies

Hedge funds have recently modified their holdings of the business. State Street Corp increased its position in Mirion Technologies by 2.7% in the 3rd quarter. State Street Corp now owns 5,365,728 shares of the company's stock valued at $59,399,000 after acquiring an additional 138,648 shares during the period. Geode Capital Management LLC boosted its position in Mirion Technologies by 3.4% during the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company's stock worth $49,851,000 after purchasing an additional 147,408 shares in the last quarter. Corsair Capital Management L.P. grew its position in shares of Mirion Technologies by 83.9% in the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company's stock valued at $34,991,000 after purchasing an additional 1,441,846 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in Mirion Technologies by 8.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,000,060 shares of the company's stock valued at $33,211,000 after buying an additional 241,334 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of Mirion Technologies in the fourth quarter worth $38,155,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.