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

Mesa Air Group, Inc. (NASDAQ:MESA) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 244,100 shares, a drop of 24.9% from the February 13th total of 324,900 shares. Based on an average daily volume of 231,100 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.8% of the company’s stock are short sold.

Mesa Air Group Stock Down 2.4 %

NASDAQ:MESA opened at $0.97 on Wednesday. The firm has a market cap of $40.08 million, a P/E ratio of -0.42 and a beta of 3.07. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.29 and a current ratio of 0.45. Mesa Air Group has a fifty-two week low of $0.75 and a fifty-two week high of $1.89. The firm has a 50-day simple moving average of $1.18 and a two-hundred day simple moving average of $1.12.

Institutional Trading of Mesa Air Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new stake in Mesa Air Group during the 4th quarter valued at about $25,000. Raymond James Financial Inc. purchased a new stake in shares of Mesa Air Group during the 4th quarter valued at about $44,000. Federated Hermes Inc. boosted its holdings 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 acquiring an additional 25,715 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Mesa Air Group by 50.4% during the 4th quarter. Renaissance Technologies LLC now owns 82,414 shares of the company’s stock valued at $96,000 after acquiring an additional 27,614 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Mesa Air Group during the 4th quarter valued at about $117,000. 13.34% of the stock is currently owned by institutional investors.

About Mesa Air Group

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.