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

Mirion Technologies, Inc. (NYSE:MIR) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 4,520,000 shares, an increase of 23.2% from the October 31st total of 3,670,000 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 2,140,000 shares, the days-to-cover ratio is currently 2.1 days.

Mirion Technologies Stock Down 1.4 %

Shares of MIR traded down $0.24 on Monday, hitting $16.63. 1,200,245 shares of the stock traded hands, compared to its average volume of 1,370,129. The company has a market capitalization of $3.86 billion, a PE ratio of -49.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The business has a 50 day simple moving average of $14.04 and a 200 day simple moving average of $11.76. Mirion Technologies has a one year low of $8.89 and a one year high of $17.09.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The firm had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. During the same period last year, the business earned $0.03 EPS. Mirion Technologies’s revenue was up 8.2% on a year-over-year basis. 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

MIR has been the subject of several recent research reports. B. Riley initiated coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They set a “buy” rating and a $14.00 target price for the company. Citigroup lifted their target price on shares of Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price target on shares of Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total value of $78,525.00. Following the completion of the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,165,857.99. This trade represents a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $14.27, for a total transaction 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 valued at $285,939. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mirion Technologies

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at $170,000. SkyView Investment Advisors LLC purchased a new position in shares of Mirion Technologies during the 3rd quarter valued at $111,000. Geode Capital Management LLC lifted its stake in shares of Mirion Technologies by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after buying an additional 147,408 shares in the last quarter. Barclays PLC lifted its stake in shares of Mirion Technologies by 325.0% during the 3rd quarter. Barclays PLC now owns 307,680 shares of the company’s stock valued at $3,405,000 after buying an additional 235,288 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Mirion Technologies during the 3rd quarter valued at $303,000. Institutional investors own 78.51% of the company’s stock.

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.