Mirion Technologies, Inc. (NYSE:MIR) Sees Large Increase in Short Interest

Mirion Technologies, Inc. (NYSE:MIR) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 4,410,000 shares, a growth of 31.3% from the May 31st total of 3,360,000 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 4.3 days.

Insider Activity at Mirion Technologies

In related news, insider Emmanuelle Lee sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $10.17, for a total value of $50,850.00. Following the completion of the sale, the insider now owns 138,193 shares in the company, valued at $1,405,422.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $10.17, for a total transaction of $50,850.00. Following the completion of the transaction, the insider now owns 138,193 shares in the company, valued at $1,405,422.81. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies 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 transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,768,024.62. The disclosure for this sale can be found here. Insiders sold 33,153 shares of company stock worth $351,669 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Institutional investors have recently bought and sold shares of the stock. Boston Partners lifted its stake in shares of Mirion Technologies by 121.6% during the first quarter. Boston Partners now owns 72,135 shares of the company’s stock worth $820,000 after purchasing an additional 39,582 shares in the last quarter. Swedbank AB acquired a new position in Mirion Technologies during the 1st quarter worth approximately $122,546,000. Bayesian Capital Management LP acquired a new position in Mirion Technologies during the 1st quarter worth approximately $226,000. Price T Rowe Associates Inc. MD boosted its holdings in Mirion Technologies by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 111,519 shares of the company’s stock worth $1,268,000 after acquiring an additional 7,264 shares during the period. Finally, Lazard Asset Management LLC grew its position in Mirion Technologies by 19.8% in the first quarter. Lazard Asset Management LLC now owns 22,751 shares of the company’s stock valued at $258,000 after acquiring an additional 3,753 shares in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Citigroup lifted their price target on shares of Mirion Technologies from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, April 8th.

Mirion Technologies Trading Down 1.2 %

Mirion Technologies stock traded down $0.13 during trading on Monday, reaching $10.61. The company had a trading volume of 752,967 shares, compared to its average volume of 1,123,720. Mirion Technologies has a 12-month low of $6.70 and a 12-month high of $11.49. The stock’s 50 day moving average price is $10.54 and its two-hundred day moving average price is $10.33. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -25.88 and a beta of 0.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.57 and a current ratio of 2.19.

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

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.