Short Interest in Mirion Technologies, Inc. (NYSE:MIR) Decreases By 15.0%

Mirion Technologies, Inc. (NYSE:MIR) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 4,090,000 shares, a decline of 15.0% from the December 31st total of 4,810,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the short-interest ratio is currently 1.8 days. Approximately 1.9% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MIR shares. Citigroup lifted their price target on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Robert W. Baird initiated coverage on shares of Mirion Technologies in a research note on Thursday, December 19th. They set an “outperform” rating and a $22.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Mirion Technologies has a consensus rating of “Buy” and a consensus price target of $19.25.

Mirion Technologies Stock Performance

Shares of NYSE:MIR traded down $0.26 during midday trading on Monday, reaching $15.59. The company’s stock had a trading volume of 1,305,313 shares, compared to its average volume of 2,127,344. The stock has a fifty day moving average of $17.07 and a 200 day moving average of $13.81. Mirion Technologies has a twelve month low of $9.11 and a twelve month high of $18.81. The firm has a market capitalization of $3.62 billion, a PE ratio of -45.84 and a beta of 0.73. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On Mirion Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MIR. Quest Partners LLC lifted its stake in shares of Mirion Technologies by 680.5% in the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after purchasing an additional 5,866 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of Mirion Technologies in the 3rd quarter valued at approximately $111,000. Integrated Advisors Network LLC acquired a new position in Mirion Technologies during the third quarter worth $120,000. Paloma Partners Management Co purchased a new position in Mirion Technologies during the third quarter worth $122,000. Finally, KBC Group NV grew its position in shares of Mirion Technologies by 39.2% in the fourth quarter. KBC Group NV now owns 8,002 shares of the company’s stock valued at $140,000 after purchasing an additional 2,254 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

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.