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

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

Mesa Air Group Stock Down 2.4%

NASDAQ:RJET traded down $0.43 on Friday, hitting $17.79. 8,878 shares of the company’s stock were exchanged, compared to its average volume of 138,882. The firm has a 50-day moving average price of $19.82 and a 200-day moving average price of $19.14. Mesa Air Group has a 52 week low of $15.36 and a 52 week high of $26.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.94 and a quick ratio of 0.75. The company has a market cap of $833.11 million, a P/E ratio of 18.93 and a beta of 1.61.

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

Analyst Ratings Changes

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

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 purchased a new stake in Mesa Air Group, Inc. (NASDAQ:RJET) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,061 shares of the company’s stock, valued at approximately $442,000. Geode Capital Management LLC owned approximately 0.09% of Mesa Air Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 13.34% of the company’s stock.

Mesa Air Group Company Profile

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.