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

Mesa Air Group, Inc. (NASDAQ:MESA) was the target of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 1,100,000 shares, a decrease of 20.9% from the May 15th total of 1,390,000 shares. Approximately 3.5% of the shares of the company are sold short. Based on an average daily trading volume, of 279,300 shares, the short-interest ratio is presently 3.9 days.

Mesa Air Group Stock Performance

Shares of NASDAQ:MESA traded down $0.08 on Friday, reaching $1.10. The company’s stock had a trading volume of 219,667 shares, compared to its average volume of 526,611. The stock’s 50-day moving average is $1.02 and its two-hundred day moving average is $0.96. Mesa Air Group has a 52-week low of $0.40 and a 52-week high of $2.69. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.59 and a quick ratio of 0.48. The stock has a market capitalization of $45.03 million, a P/E ratio of -0.27 and a beta of 3.06.

Mesa Air Group (NASDAQ:MESA) last issued its quarterly earnings results on Monday, May 20th. The company reported ($0.53) earnings per share (EPS) for the quarter. Mesa Air Group had a negative return on equity of 45.73% and a negative net margin of 35.96%. The firm had revenue of $118.78 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SignalPoint Asset Management LLC grew its position in Mesa Air Group by 100.0% during the fourth quarter. SignalPoint Asset Management LLC now owns 49,796 shares of the company’s stock worth $50,000 after buying an additional 24,898 shares during the period. Pinnacle Holdings LLC grew its position in Mesa Air Group by 17.8% during the fourth quarter. Pinnacle Holdings LLC now owns 329,844 shares of the company’s stock worth $333,000 after buying an additional 49,823 shares during the period. Finally, Virtu Financial LLC grew its position in Mesa Air Group by 207.3% during the first quarter. Virtu Financial LLC now owns 74,374 shares of the company’s stock worth $65,000 after buying an additional 50,174 shares during the period. 13.34% of the stock is currently owned by institutional investors and hedge funds.

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.