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

Mastech Digital, Inc. (NYSE:MHH - Get Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 17,900 shares, an increase of 113.1% from the May 15th total of 8,400 shares. Currently, 0.5% of the company's shares are sold short. Based on an average daily trading volume, of 19,100 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Mastech Digital from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

Institutional Trading of Mastech Digital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Management Corp VA raised its position in Mastech Digital by 12.6% in the first quarter. Capital Management Corp VA now owns 772,541 shares of the company's stock valued at $7,888,000 after purchasing an additional 86,290 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Mastech Digital by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 238,705 shares of the company's stock valued at $3,557,000 after acquiring an additional 3,922 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Mastech Digital by 39.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 195,264 shares of the company's stock valued at $1,994,000 after acquiring an additional 54,766 shares during the period. Renaissance Technologies LLC boosted its holdings in Mastech Digital by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 111,727 shares of the company's stock valued at $1,665,000 after acquiring an additional 2,600 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Mastech Digital by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 51,384 shares of the company's stock valued at $766,000 after acquiring an additional 3,631 shares during the period. Hedge funds and other institutional investors own 18.43% of the company's stock.

Mastech Digital Trading Down 0.2%

NYSE:MHH traded down $0.01 during trading hours on Friday, hitting $6.61. The company had a trading volume of 7,500 shares, compared to its average volume of 20,425. The company has a 50-day moving average of $7.32 and a 200 day moving average of $8.17. The company has a market cap of $77.77 million, a P/E ratio of 22.79, a P/E/G ratio of 0.79 and a beta of 0.78. Mastech Digital has a 1 year low of $6.20 and a 1 year high of $16.00.

About Mastech Digital

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.