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

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

Mistras Group Price Performance

MG traded up $0.14 on Friday, hitting $9.63. 96,776 shares of the company’s stock were exchanged, compared to its average volume of 142,629. The company has a current ratio of 1.68, a quick ratio of 1.55 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $9.10 and a 200-day moving average price of $9.97. The stock has a market cap 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. Mistras Group has a fifty-two week low of $7.45 and a fifty-two week high of $12.44.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MG. Inspire Investing LLC acquired a new position in shares of Mistras Group in the 3rd quarter worth approximately $907,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Mistras Group in the second quarter valued at $600,000. Mill Road Capital Management LLC grew its stake in shares of 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 valued at $18,182,000 after buying an additional 72,025 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Mistras Group by 554.4% in the 3rd 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. Finally, Dimensional Fund Advisors LP grew its position 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 valued at $10,874,000 after acquiring an additional 44,550 shares in the last quarter. 74.92% of the stock is currently owned by hedge funds and other 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.