Short Interest in Mirion Technologies, Inc. (NYSE:MIR) Increases By 31.3%

Mirion Technologies, Inc. (NYSE:MIR) saw a significant increase in short interest in the month of 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. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 2.1% of the company’s stock are short sold.

Insider Transactions at Mirion Technologies

In other news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $10.86, for a total transaction of $81,450.00. Following the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $16,768,024.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $10.76, for a total transaction of $53,800.00. Following the completion of the transaction, the insider now directly owns 138,193 shares in the company, valued at $1,486,956.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $10.86, for a total value of $81,450.00. Following the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $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 valued at $351,669 over the last 90 days. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MIR. Swedbank AB bought a new position in shares of Mirion Technologies during the 1st quarter worth approximately $122,546,000. Vanguard Group Inc. boosted its stake in shares of Mirion Technologies by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,327,974 shares of the company’s stock worth $159,320,000 after acquiring an additional 2,029,698 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Mirion Technologies by 40.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,738,900 shares of the company’s stock worth $38,325,000 after acquiring an additional 1,071,810 shares during the period. Pantechnicon Advisors LLP boosted its stake in shares of Mirion Technologies by 55.0% during the 3rd quarter. Pantechnicon Advisors LLP now owns 1,860,000 shares of the company’s stock worth $13,894,000 after acquiring an additional 660,000 shares during the period. Finally, Nomura Holdings Inc. lifted its holdings in Mirion Technologies by 11.2% during the 4th quarter. Nomura Holdings Inc. now owns 4,916,574 shares of the company’s stock worth $50,395,000 after purchasing an additional 493,939 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Stock Up 0.3 %

MIR stock opened at $10.74 on Friday. The company has a quick ratio of 1.57, a current ratio of 2.19 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $10.55 and a two-hundred day moving average price of $10.32. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -26.20 and a beta of 0.80. Mirion Technologies has a twelve month low of $6.70 and a twelve month high of $11.49.

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

Wall Street Analysts Forecast Growth

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

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.