Short Interest in Mirion Technologies, Inc. (NYSE:MIR) Expands By 21.3%

Mirion Technologies, Inc. (NYSE:MIR) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 7,130,000 shares, a growth of 21.3% from the March 15th total of 5,880,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 5.9 days. Approximately 3.4% of the shares of the stock are sold short.

Mirion Technologies Trading Down 2.2 %

Mirion Technologies stock traded down $0.23 during mid-day trading on Monday, hitting $10.47. The stock had a trading volume of 586,461 shares, compared to its average volume of 1,165,615. The stock has a 50-day simple moving average of $10.38 and a two-hundred day simple moving average of $9.38. The stock has a market capitalization of $2.37 billion, a PE ratio of -20.93 and a beta of 0.81. Mirion Technologies has a 12 month low of $6.70 and a 12 month high of $11.49. The company has a current ratio of 2.03, a quick ratio of 1.48 and a debt-to-equity ratio of 0.44.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $230.40 million for the quarter. Mirion Technologies had a positive return on equity of 3.09% and a negative net margin of 12.01%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup increased their target price on Mirion Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, April 8th. TheStreet upgraded Mirion Technologies from a “d” rating to a “b-” rating in a report on Wednesday, February 14th.

Insider Transactions at Mirion Technologies

In other news, CFO Brian Schopfer sold 90,910 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $11.00, for a total transaction of $1,000,010.00. Following the sale, the chief financial officer now owns 211,167 shares in the company, valued at $2,322,837. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.57% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Mirion Technologies by 10.5% during the third quarter. Vanguard Group Inc. now owns 21,327,974 shares of the company’s stock worth $159,320,000 after buying an additional 2,029,698 shares during the last quarter. BlackRock Inc. boosted its holdings in Mirion Technologies by 31.6% during the second quarter. BlackRock Inc. now owns 13,863,989 shares of the company’s stock worth $117,151,000 after buying an additional 3,328,271 shares during the last quarter. P2 Capital Partners LLC boosted its holdings in Mirion Technologies by 8.8% during the fourth quarter. P2 Capital Partners LLC now owns 5,847,122 shares of the company’s stock worth $59,933,000 after buying an additional 474,414 shares during the last quarter. Nomura Holdings Inc. bought a new position in Mirion Technologies during the fourth quarter worth about $34,485,000. Finally, State Street Corp boosted its holdings in Mirion Technologies by 27.8% during the second quarter. State Street Corp now owns 4,836,788 shares of the company’s stock worth $40,871,000 after buying an additional 1,051,186 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

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.