Mastech Digital, Inc. (NYSEAMERICAN:MHH) Short Interest Down 23.5% in March

Mastech Digital, Inc. (NYSEAMERICAN:MHH - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 7,800 shares, a decrease of 23.5% from the March 15th total of 10,200 shares. Currently, 0.2% of the company's shares are sold short. Based on an average trading volume of 5,400 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On Mastech Digital

A number of institutional investors have recently modified their holdings of MHH. Janney Montgomery Scott LLC raised its position in Mastech Digital by 11.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 19,000 shares of the company's stock valued at $171,000 after buying an additional 2,000 shares during the last quarter. Capital Management Corp VA raised its position in Mastech Digital by 3.0% in the 3rd quarter. Capital Management Corp VA now owns 794,459 shares of the company's stock valued at $7,150,000 after buying an additional 23,325 shares during the last quarter. Anchor Capital Advisors LLC raised its position in Mastech Digital by 65.2% in the 3rd quarter. Anchor Capital Advisors LLC now owns 31,635 shares of the company's stock valued at $285,000 after buying an additional 12,484 shares during the last quarter. Geode Capital Management LLC raised its position in Mastech Digital by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 26,434 shares of the company's stock valued at $291,000 after buying an additional 1,940 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Mastech Digital by 38.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 16,152 shares of the company's stock valued at $240,000 after buying an additional 4,457 shares during the last quarter. 18.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Mastech Digital in a report on Wednesday. They issued a "buy" rating on the stock.

Mastech Digital Stock Performance

Shares of Mastech Digital stock traded down $0.07 on Friday, reaching $8.81. 5,288 shares of the company's stock were exchanged, compared to its average volume of 3,867. The stock has a market capitalization of $102.28 million, a price-to-earnings ratio of -14.21, a PEG ratio of 0.86 and a beta of 0.52. Mastech Digital has a 52 week low of $7.50 and a 52 week high of $11.45.

Mastech Digital (NYSEAMERICAN:MHH - Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.04. Mastech Digital had a positive return on equity of 3.45% and a negative net margin of 3.55%. The company had revenue of $46.05 million for the quarter, compared to analyst estimates of $46.38 million. On average, equities research analysts forecast that Mastech Digital will post 0.51 EPS for the current year.

Mastech Digital Company Profile

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.