Mesa Air Group, Inc. (NASDAQ:MESA) Sees Large Growth in Short Interest

Mesa Air Group, Inc. (NASDAQ:MESA) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 215,900 shares, an increase of 25.2% from the March 15th total of 172,400 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 1,110,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Mesa Air Group

A number of institutional investors have recently made changes to their positions in MESA. Millennium Management LLC bought a new stake in Mesa Air Group during the 4th quarter valued at $25,000. GEM Asset Management LLC raised its stake in shares of Mesa Air Group by 384.4% during the first quarter. GEM Asset Management LLC now owns 52,287 shares of the company’s stock valued at $42,000 after acquiring an additional 41,493 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mesa Air Group during the fourth quarter worth about $44,000. Federated Hermes Inc. boosted its holdings in shares of Mesa Air Group by 64.9% during the fourth quarter. Federated Hermes Inc. now owns 65,352 shares of the company’s stock worth $76,000 after purchasing an additional 25,715 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Mesa Air Group by 50.4% in the fourth quarter. Renaissance Technologies LLC now owns 82,414 shares of the company’s stock worth $96,000 after purchasing an additional 27,614 shares during the last quarter. Hedge funds and other institutional investors own 13.34% of the company’s stock.

Mesa Air Group Trading Up 0.9 %

MESA stock traded up $0.01 during trading on Monday, hitting $1.08. 155,066 shares of the company traded hands, compared to its average volume of 513,603. The company has a 50-day moving average of $1.01 and a 200-day moving average of $1.08. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.29 and a current ratio of 0.45. Mesa Air Group has a 1 year low of $0.68 and a 1 year high of $1.89. The firm has a market capitalization of $44.62 million, a PE ratio of -0.47 and a beta of 3.10.

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.