Short Interest in Mirion Technologies, Inc. (NYSE:MIR) Rises By 64.2%

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 11,690,000 shares, an increase of 64.2% from the May 15th total of 7,120,000 shares. Based on an average trading volume of 2,360,000 shares, the short-interest ratio is presently 5.0 days. Currently, 5.4% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Several analysts have commented on MIR shares. Citigroup decreased their target price on shares of Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird decreased their price objective on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, B. Riley lowered their target price on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mirion Technologies currently has a consensus rating of "Buy" and a consensus price target of $18.75.

Insider Buying and Selling

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $17.94, for a total value of $8,970,000.00. Following the completion of the sale, the director now owns 61,287 shares of the company's stock, valued at approximately $1,099,488.78. The trade was a 89.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mirion Technologies

A number of institutional investors have recently made changes to their positions in MIR. AlphaQuest LLC grew its holdings in Mirion Technologies by 360,400.0% in the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock valued at $52,000 after buying an additional 3,604 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Mirion Technologies in the first quarter valued at approximately $68,000. Smartleaf Asset Management LLC boosted its position in shares of Mirion Technologies by 582.2% in the first quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company's stock valued at $76,000 after acquiring an additional 4,442 shares during the period. CWM LLC grew its stake in shares of Mirion Technologies by 1,026.3% in the first quarter. CWM LLC now owns 6,431 shares of the company's stock worth $93,000 after acquiring an additional 5,860 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Mirion Technologies by 2,310.3% during the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock worth $106,000 after acquiring an additional 6,977 shares during the period. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Stock Performance

MIR stock traded down $0.49 during midday trading on Friday, hitting $19.93. 2,646,485 shares of the company traded hands, compared to its average volume of 1,969,748. Mirion Technologies has a twelve month low of $9.11 and a twelve month high of $20.80. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -104.89 and a beta of 0.80. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The business has a 50 day simple moving average of $16.81 and a 200-day simple moving average of $16.36.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $202.00 million during the quarter, compared to the consensus estimate of $199.34 million. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. Mirion Technologies's quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. As a group, equities research analysts predict that Mirion Technologies will post 0.39 earnings per share for the current year.

Mirion Technologies Company Profile

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.

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