Mastech Digital, Inc. (NYSEAMERICAN:MHH) Short Interest Update

Mastech Digital, Inc. (NYSEAMERICAN:MHH) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 15,000 shares, a growth of 50.0% from the May 15th total of 10,000 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On Mastech Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its position in shares of Mastech Digital by 11.8% in the third quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company’s stock valued at $171,000 after acquiring an additional 2,000 shares during the period. Capital Management Corp VA boosted its position in shares of Mastech Digital by 0.5% in the first quarter. Capital Management Corp VA now owns 866,370 shares of the company’s stock valued at $7,797,000 after acquiring an additional 4,180 shares during the period. Anchor Capital Advisors LLC boosted its position in shares of Mastech Digital by 65.2% in the third quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company’s stock valued at $285,000 after acquiring an additional 12,484 shares during the period. Finally, Access Investment Management LLC acquired a new position in Mastech Digital in the fourth quarter valued at about $1,042,000. 18.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Mastech Digital in a research note on Saturday. They set a “buy” rating on the stock.

Mastech Digital Stock Down 1.0 %

Shares of NYSEAMERICAN MHH traded down $0.08 during midday trading on Friday, reaching $7.65. The company’s stock had a trading volume of 1,434 shares, compared to its average volume of 8,601. Mastech Digital has a fifty-two week low of $7.15 and a fifty-two week high of $11.44. The company has a market capitalization of $88.97 million, a PE ratio of 38.25, a price-to-earnings-growth ratio of 1.66 and a beta of 0.44.

Mastech Digital (NYSEAMERICAN:MHH) last released its earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.07). Mastech Digital had a negative net margin of 3.92% and a positive return on equity of 3.00%. The firm had revenue of $46.82 million during the quarter, compared to the consensus estimate of $46.50 million. As a group, sell-side analysts expect that Mastech Digital will post 0.23 EPS for the current year.

Mastech Digital Company Profile

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.