Mesa Air Group, Inc. (NASDAQ:MESA) Short Interest Down 29.4% in March

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. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 212,200 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Mesa Air Group

Several hedge funds have recently modified their holdings of MESA. Squarepoint Ops LLC bought a new position in Mesa Air Group during the fourth quarter worth $117,000. Pinnacle Holdings LLC boosted its position in shares of Mesa Air Group by 10.8% during the 4th 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 stake in shares of Mesa Air Group in the 4th quarter valued at about $44,000. Renaissance Technologies LLC increased its position in 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 buying an additional 27,614 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Mesa Air Group by 64.9% during the 4th quarter. Federated Hermes Inc. now owns 65,352 shares of the company’s stock worth $76,000 after buying an additional 25,715 shares during the period. Institutional investors own 13.34% of the company’s stock.

Mesa Air Group Trading Down 8.9 %

NASDAQ MESA traded down $0.08 during trading hours on Friday, hitting $0.78. 260,571 shares of the company’s stock were exchanged, compared to its average volume of 268,318. Mesa Air Group has a 1-year low of $0.77 and a 1-year high of $1.89. The company has a current ratio of 0.45, a quick ratio of 0.29 and a debt-to-equity ratio of 2.13. The stock has a 50-day simple moving average of $1.11 and a 200 day simple moving average of $1.10. The firm has a market cap of $32.27 million, a price-to-earnings ratio of -0.34 and a beta of 3.07.

Mesa Air Group Company Profile

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.