Short Interest in Mastech Digital, Inc. (NYSEAMERICAN:MHH) Declines By 16.0%

Mastech Digital, Inc. (NYSEAMERICAN:MHH – Get Rating) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 15,200 shares, a decline of 16.0% from the May 15th total of 18,100 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is presently 1.2 days. Approximately 0.5% of the company’s shares are sold short.

Mastech Digital stock opened at $14.53 on Friday. Mastech Digital has a 12 month low of $14.00 and a 12 month high of $21.83. The firm has a market cap of $168.53 million, a PE ratio of 16.90, a P/E/G ratio of 0.70 and a beta of 0.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.97 and a current ratio of 1.97.

Mastech Digital (NYSEAMERICAN:MHH – Get Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). Mastech Digital had a net margin of 4.90% and a return on equity of 17.93%. The business had revenue of $59.76 million for the quarter, compared to analysts’ expectations of $60.26 million. As a group, equities analysts expect that Mastech Digital will post 1.07 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Anchor Capital Advisors LLC raised its holdings in Mastech Digital by 1.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 68,911 shares of the company’s stock worth $1,176,000 after buying an additional 1,089 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Mastech Digital during the fourth quarter valued at approximately $1,448,000. Janney Montgomery Scott LLC raised its holdings in shares of Mastech Digital by 22.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 27,211 shares of the company’s stock valued at $464,000 after purchasing an additional 4,930 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Mastech Digital by 13.9% during the third quarter. BlackRock Inc. now owns 77,460 shares of the company’s stock valued at $1,318,000 after purchasing an additional 9,479 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Mastech Digital by 98.6% during the fourth quarter. Barclays PLC now owns 7,408 shares of the company’s stock valued at $127,000 after purchasing an additional 3,677 shares during the last quarter. 13.87% of the stock is owned by institutional investors and hedge funds.

About Mastech Digital (Get Rating)

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. It operates through two segments, Data and Analytics Services, and IT Staffing Services. The company offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.

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