Mirion Technologies, Inc. (NYSE:MIR) Sees Significant Growth in Short Interest

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) saw a significant increase in short interest in the month of 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 daily volume of 2,360,000 shares, the short-interest ratio is presently 5.0 days. Currently, 5.4% of the company's shares are short sold.

Mirion Technologies Trading Down 3.0%

MIR traded down $0.60 during trading on Wednesday, hitting $19.58. The company's stock had a trading volume of 1,821,140 shares, compared to its average volume of 1,980,118. The firm has a market capitalization of $4.54 billion, a P/E ratio of -326.37 and a beta of 0.80. Mirion Technologies has a twelve month low of $9.11 and a twelve month high of $20.90. The company has a quick ratio of 1.69, a current ratio of 2.23 and a debt-to-equity ratio of 0.44. The stock's fifty day moving average price is $17.08 and its 200-day moving average price is $16.41.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its earnings results 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. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. The business had revenue of $202.00 million for the quarter, compared to analyst estimates of $199.34 million. During the same period in the prior year, the firm earned $0.06 earnings per share. Mirion Technologies's revenue was up 4.9% on a year-over-year basis. Analysts anticipate that Mirion Technologies will post 0.39 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on MIR. 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 research report on Friday, April 4th. Finally, B. Riley dropped their target price on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $18.75.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the stock in a transaction dated 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. This represents a 89.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.20% of the stock is owned by company insiders.

Institutional Trading of Mirion Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in Mirion Technologies by 29,948.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock valued at $73,550,000 after acquiring an additional 4,200,894 shares during the period. Brown Advisory Inc. bought a new position in shares of Mirion Technologies in the 4th quarter worth $66,520,000. William Blair Investment Management LLC bought a new position in shares of Mirion Technologies in the 4th quarter worth $53,066,000. Bornite Capital Management LP acquired a new stake in Mirion Technologies in the 4th quarter valued at $36,942,000. Finally, Millennium Management LLC increased its stake in Mirion Technologies by 100.6% during the 4th quarter. Millennium Management LLC now owns 3,105,374 shares of the company's stock valued at $54,189,000 after purchasing an additional 1,557,077 shares in the last quarter. 78.51% of the stock is owned by institutional investors.

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.