Mirion Technologies, Inc. (NYSE:MIR) Short Interest Up 23.2% in November

Mirion Technologies, Inc. (NYSE:MIR) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 4,520,000 shares, a growth 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 presently 2.1 days. Approximately 2.0% of the shares of the company are short sold.

Insider Activity at Mirion Technologies

In other news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $14.11, for a total transaction of $105,825.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $21,786,079.87. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Emmanuelle Lee sold 3,405 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $14.27, for a total value of $48,589.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,405 shares of company stock worth $285,939. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Mirion Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Mirion Technologies in the second quarter worth approximately $39,000. Quest Partners LLC raised its holdings in Mirion Technologies by 680.5% during the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after buying an additional 5,866 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in Mirion Technologies during the 3rd quarter valued at $111,000. Integrated Advisors Network LLC bought a new stake in Mirion Technologies in the 3rd quarter worth $120,000. Finally, Paloma Partners Management Co purchased a new position in shares of Mirion Technologies in the third quarter valued at about $122,000. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

MIR traded down $0.24 during midday trading on Monday, hitting $16.63. The stock had a trading volume of 1,200,245 shares, compared to its average volume of 1,370,129. The company has a market cap of $3.86 billion, a P/E ratio of -49.62 and a beta of 0.73. The business has a fifty day moving average of $14.04 and a 200 day moving average of $11.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. Mirion Technologies has a 1 year low of $8.89 and a 1 year high of $17.09.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS. As a group, equities analysts forecast that Mirion Technologies will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup upped their price target on Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, B. Riley assumed coverage on Mirion Technologies in a report on Thursday, September 26th. They set a “buy” rating and a $14.00 price objective for the company.

About Mirion Technologies

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.