Mesa Air Group, Inc. (NASDAQ:MESA) Short Interest Update

Mesa Air Group, Inc. (NASDAQ:MESA) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 172,400 shares, a decrease of 29.4% from the February 28th total of 244,100 shares. Based on an average daily trading volume, of 212,200 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are short sold.

Mesa Air Group Stock Up 1.4 %

Shares of Mesa Air Group stock traded up $0.01 on Tuesday, hitting $0.79. 66,934 shares of the company traded hands, compared to its average volume of 266,462. Mesa Air Group has a 12-month low of $0.77 and a 12-month high of $1.89. The company has a quick ratio of 0.29, a current ratio of 0.45 and a debt-to-equity ratio of 2.13. The company has a market cap of $32.80 million, a PE ratio of -0.35 and a beta of 3.07. The company has a 50-day moving average price of $1.10 and a 200 day moving average price of $1.10.

Institutional Investors Weigh In On Mesa Air Group

A number of hedge funds and other institutional investors have recently made changes to their positions in MESA. Squarepoint Ops LLC bought a new position in Mesa Air Group during the fourth quarter valued at approximately $117,000. Millennium Management LLC bought a new position in shares of Mesa Air Group during the 4th quarter valued at $25,000. Pinnacle Holdings LLC boosted its holdings in Mesa Air Group by 10.8% in the fourth quarter. Pinnacle Holdings LLC now owns 757,125 shares of the company’s stock worth $878,000 after purchasing an additional 73,736 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Mesa Air Group during the fourth quarter worth $44,000. Finally, Renaissance Technologies LLC raised its stake in shares of Mesa Air Group by 50.4% in the 4th quarter. Renaissance Technologies LLC now owns 82,414 shares of the company’s stock valued at $96,000 after acquiring an additional 27,614 shares in the last quarter. 13.34% of the stock is owned by hedge funds and other institutional investors.

About Mesa Air Group

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo services. As of September 30, 2023, it operated a fleet of 80 aircraft with approximately 296 daily departures to 86 cities in the United States and Mexico.