Mastech Digital, Inc. (NYSE:MHH) Short Interest Down 49.1% in July

Mastech Digital, Inc. (NYSE:MHH) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 14,000 shares, adeclineof49.1% from the July 15th total of 27,500 shares. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is presently 0.8 days. Currently,0.4% of the company’s shares are short sold. Currently,0.4% of the company’s shares are short sold. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is presently 0.8 days.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Mastech Digital from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st.

Mastech Digital Stock Down 0.7%

Shares of NYSE MHH opened at $7.30 on Wednesday. Mastech Digital has a 12-month low of $6.20 and a 12-month high of $16.00. The firm has a market cap of $86.02 million, a PE ratio of 25.17, a P/E/G ratio of 0.79 and a beta of 0.79. The company’s fifty day simple moving average is $7.28 and its 200 day simple moving average is $7.38.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of Mastech Digital by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 111,727 shares of the company’s stock valued at $1,665,000 after purchasing an additional 2,600 shares in the last quarter. Northern Trust Corp increased its holdings in Mastech Digital by 74.3% during the fourth quarter. Northern Trust Corp now owns 25,631 shares of the company’s stock worth $382,000 after buying an additional 10,930 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Mastech Digital during the fourth quarter worth about $159,000. Millennium Management LLC purchased a new stake in Mastech Digital during the fourth quarter worth about $223,000. Finally, Barclays PLC increased its holdings in Mastech Digital by 24.1% during the fourth quarter. Barclays PLC now owns 8,120 shares of the company’s stock worth $122,000 after buying an additional 1,576 shares during the last quarter. 18.43% of the stock is owned by institutional investors.

Mastech Digital Company Profile

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It 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.