Mirion Technologies, Inc. (NYSE:MIR) Short Interest Up 31.3% in June

Mirion Technologies, Inc. (NYSE:MIR) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 4,410,000 shares, an increase of 31.3% from the May 31st total of 3,360,000 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 4.3 days.

Insiders Place Their Bets

In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $10.17, for a total transaction of $50,850.00. Following the transaction, the insider now owns 138,193 shares in the company, valued at approximately $1,405,422.81. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $10.17, for a total transaction of $50,850.00. Following the sale, the insider now owns 138,193 shares in the company, valued at approximately $1,405,422.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $10.86, for a total transaction of $81,450.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $16,768,024.62. The disclosure for this sale can be found here. Insiders have sold a total of 33,153 shares of company stock worth $351,669 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new position in Mirion Technologies during the first quarter worth about $85,000. Bayesian Capital Management LP purchased a new position in Mirion Technologies during the first quarter worth about $226,000. Lazard Asset Management LLC boosted its holdings in Mirion Technologies by 19.8% during the first quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock worth $258,000 after purchasing an additional 3,753 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Mirion Technologies by 22.5% during the fourth quarter. Victory Capital Management Inc. now owns 27,873 shares of the company’s stock worth $286,000 after purchasing an additional 5,119 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Mirion Technologies in the fourth quarter worth about $361,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Mirion Technologies Stock Performance

Shares of NYSE MIR traded down $0.13 during mid-day trading on Monday, reaching $10.61. 752,967 shares of the company’s stock traded hands, compared to its average volume of 1,123,720. The business has a 50-day simple moving average of $10.55 and a 200 day simple moving average of $10.33. Mirion Technologies has a 1-year low of $6.70 and a 1-year high of $11.49. The company has a quick ratio of 1.57, a current ratio of 2.19 and a debt-to-equity ratio of 0.45.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $192.60 million during the quarter. Mirion Technologies had a negative net margin of 9.87% and a positive return on equity of 3.44%.

Analyst Ratings Changes

Separately, Citigroup lifted their price target on shares of Mirion Technologies from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, April 8th.

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.