Short Interest in Mirion Technologies, Inc. (NYSE:MIR) Expands By 21.3%

Mirion Technologies, Inc. (NYSE:MIR) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 7,130,000 shares, an increase of 21.3% from the March 15th total of 5,880,000 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is currently 5.9 days.

Analyst Upgrades and Downgrades

MIR has been the topic of a number of recent analyst reports. TheStreet upgraded Mirion Technologies from a “d” rating to a “b-” rating in a report on Wednesday, February 14th. Citigroup boosted their target price on Mirion Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, April 8th.

Mirion Technologies Trading Down 2.2 %

MIR traded down $0.23 during midday trading on Monday, reaching $10.47. 586,461 shares of the company’s stock traded hands, compared to its average volume of 1,165,615. The firm has a fifty day moving average of $10.38 and a two-hundred day moving average of $9.38. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of -20.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.03 and a quick ratio of 1.48. Mirion Technologies has a 52 week low of $6.70 and a 52 week high of $11.49.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, February 13th. The company reported $0.12 earnings per share for the quarter. Mirion Technologies had a positive return on equity of 3.09% and a negative net margin of 12.01%. The firm had revenue of $230.40 million for the quarter.

Insider Activity

In related news, CFO Brian Schopfer sold 90,910 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $11.00, for a total transaction of $1,000,010.00. Following the completion of the sale, the chief financial officer now owns 211,167 shares of the company’s stock, valued at $2,322,837. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MIR. Quantbot Technologies LP grew its holdings in shares of Mirion Technologies by 143.0% during the 2nd quarter. Quantbot Technologies LP now owns 5,170 shares of the company’s stock worth $29,000 after acquiring an additional 3,042 shares during the period. Royal Bank of Canada purchased a new position in shares of Mirion Technologies during the 1st quarter worth approximately $63,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Mirion Technologies during the 2nd quarter worth approximately $75,000. Prelude Capital Management LLC purchased a new position in shares of Mirion Technologies during the 1st quarter worth approximately $85,000. Finally, Citigroup Inc. grew its holdings in shares of Mirion Technologies by 162.3% during the 1st quarter. Citigroup Inc. now owns 10,915 shares of the company’s stock worth $93,000 after acquiring an additional 6,754 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Company Profile

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.