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

Mesa Air Group, Inc. (NASDAQ:MESA) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 324,900 shares, a growth of 97.1% from the January 31st total of 164,800 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 247,900 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Mesa Air Group

Several hedge funds have recently bought and sold shares of MESA. Squarepoint Ops LLC bought a new position in shares of Mesa Air Group in the fourth quarter worth about $117,000. Pinnacle Holdings LLC increased its holdings in Mesa Air Group by 10.8% in the 4th quarter. Pinnacle Holdings LLC now owns 757,125 shares of the company’s stock worth $878,000 after acquiring an additional 73,736 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Mesa Air Group in the 4th quarter worth approximately $44,000. Renaissance Technologies LLC raised its stake in Mesa Air Group by 50.4% during the 4th quarter. Renaissance Technologies LLC now owns 82,414 shares of the company’s stock worth $96,000 after acquiring an additional 27,614 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Mesa Air Group by 64.9% during the fourth 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. Institutional investors own 13.34% of the company’s stock.

Mesa Air Group Stock Performance

Shares of MESA stock traded up $0.03 on Friday, reaching $1.14. The stock had a trading volume of 106,842 shares, compared to its average volume of 233,137. 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 1 year low of $0.75 and a 1 year high of $1.89. The stock has a market cap of $47.10 million, a P/E ratio of -0.50 and a beta of 3.09. The company has a 50 day simple moving average of $1.24 and a 200 day simple moving average of $1.14.

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.