Mesa Air Group, Inc. (NASDAQ:MESA) Short Interest Update

Mesa Air Group, Inc. (NASDAQ:MESA) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 215,900 shares, an increase of 25.2% from the March 15th total of 172,400 shares. Based on an average trading volume of 1,110,000 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the company’s shares are sold short.

Mesa Air Group Stock Up 0.9 %

NASDAQ MESA opened at $1.08 on Tuesday. Mesa Air Group has a 1 year low of $0.68 and a 1 year high of $1.89. The stock has a market capitalization of $44.62 million, a PE ratio of -0.47 and a beta of 3.10. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.45 and a quick ratio of 0.29. The business’s 50-day moving average is $1.01 and its 200 day moving average is $1.08.

Hedge Funds Weigh In On Mesa Air Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Mesa Air Group in the fourth quarter valued at $44,000. Federated Hermes Inc. boosted its stake in shares of Mesa Air Group by 64.9% during the 4th quarter. Federated Hermes Inc. now owns 65,352 shares of the company’s stock valued at $76,000 after purchasing an additional 25,715 shares in the last quarter. Pinnacle Holdings LLC increased its position in shares of Mesa Air Group by 10.8% during the fourth quarter. Pinnacle Holdings LLC now owns 757,125 shares of the company’s stock valued at $878,000 after buying an additional 73,736 shares during the period. GEM Asset Management LLC raised its stake in Mesa Air Group by 384.4% in the first quarter. GEM Asset Management LLC now owns 52,287 shares of the company’s stock worth $42,000 after buying an additional 41,493 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Mesa Air Group in the fourth quarter worth about $25,000. Institutional investors own 13.34% of the company’s stock.

Mesa Air Group Company Profile

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.