Mesa Air Group, Inc. (NASDAQ:RJET) Short Interest Up 86.0% in June

Mesa Air Group, Inc. (NASDAQ:RJET) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 751,191 shares, a growth of 86.0% from the June 15th total of 403,927 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 291,756 shares, the short-interest ratio is presently 2.6 days.

Hedge Funds Weigh In On Mesa Air Group

A hedge fund recently bought a new stake in Mesa Air Group stock. Geode Capital Management LLC bought a new stake in shares of Mesa Air Group, Inc. (NASDAQ:RJET) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,061 shares of the company’s stock, valued at approximately $442,000. Geode Capital Management LLC owned about 0.09% of Mesa Air Group at the end of the most recent quarter. 13.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Mesa Air Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Mesa Air Group Stock Performance

Shares of NASDAQ:RJET traded down $0.11 on Thursday, reaching $18.22. 61,392 shares of the company’s stock were exchanged, compared to its average volume of 139,860. The firm has a market capitalization of $853.22 million, a price-to-earnings ratio of 19.38 and a beta of 1.61. Mesa Air Group has a fifty-two week low of $15.36 and a fifty-two week high of $26.70. The business’s 50-day moving average is $19.91 and its two-hundred day moving average is $19.16. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 0.67.

Mesa Air Group (NASDAQ:RJET) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter. Mesa Air Group had a net margin of 3.29% and a return on equity of 6.13%. The company had revenue of $527.40 million for the quarter.

About Mesa Air Group

Mesa Air Group, Inc is a regional airline holding company headquartered in Phoenix, Arizona. The company provides feeder air transportation services under capacity purchase agreements with major carriers in the United States, operating as an affiliate of American Airlines and United Airlines. Mesa Air Group’s operations are conducted through two wholly owned subsidiaries, Mesa Airlines and Mokulele Airlines, which serve domestic markets on a scheduled basis.

Mesa Airlines is the company’s primary regional carrier.