Mesa Air Group, Inc. (NASDAQ:MESA) Sees Significant Decrease in Short Interest

Mesa Air Group, Inc. (NASDAQ:MESA) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 197,000 shares, a drop of 26.7% from the December 31st total of 268,600 shares. Based on an average daily trading volume, of 248,700 shares, the short-interest ratio is currently 0.8 days. Approximately 0.6% of the company’s shares are short sold.

Mesa Air Group Stock Performance

MESA opened at $1.28 on Friday. Mesa Air Group has a 12 month low of $0.75 and a 12 month high of $1.89. The business has a 50-day moving average of $1.19 and a two-hundred day moving average of $1.20. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.29 and a current ratio of 0.45.

Institutional Investors Weigh In On Mesa Air Group

An institutional investor recently raised its position in Mesa Air Group stock. Renaissance Technologies LLC lifted its position in shares of Mesa Air Group, Inc. (NASDAQ:MESA) by 69.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,300 shares of the company’s stock after buying an additional 13,700 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of Mesa Air Group worth $57,000 as of its most recent SEC filing. 13.34% of the stock is owned by institutional investors and hedge funds.

About Mesa Air Group

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.