Mirion Technologies, Inc. (NYSE:MIR) Short Interest Update

Mirion Technologies, Inc. (NYSE:MIR) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 4,520,000 shares, an increase of 23.2% from the October 31st total of 3,670,000 shares. Based on an average trading volume of 2,140,000 shares, the short-interest ratio is currently 2.1 days. Currently, 2.0% of the shares of the company are short sold.

Mirion Technologies Price Performance

Shares of MIR stock traded down $0.42 during trading hours on Monday, reaching $16.45. 2,318,981 shares of the company were exchanged, compared to its average volume of 1,375,647. Mirion Technologies has a fifty-two week low of $8.89 and a fifty-two week high of $17.09. The stock’s fifty day moving average is $14.15 and its two-hundred day moving average is $11.80. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -48.38 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The business had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts forecast that Mirion Technologies will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on MIR shares. B. Riley initiated coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price on the stock. Citigroup boosted their price target on shares of Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Insiders Place Their Bets

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total transaction of $105,825.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at approximately $21,786,079.87. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,405 shares of company stock valued at $285,939 in the last quarter. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in Mirion Technologies in the third quarter valued at approximately $170,000. SkyView Investment Advisors LLC bought a new stake in shares of Mirion Technologies during the third quarter worth $111,000. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 147,408 shares in the last quarter. Barclays PLC increased its position in shares of Mirion Technologies by 325.0% during the third quarter. Barclays PLC now owns 307,680 shares of the company’s stock worth $3,405,000 after acquiring an additional 235,288 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Mirion Technologies during the third quarter worth $303,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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.