Short Interest in Mastech Digital Inc (NYSEAMERICAN:MHH) Expands By 130.8%

Mastech Digital Inc (NYSEAMERICAN:MHH) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 12,000 shares, an increase of 130.8% from the May 30th total of 5,200 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is presently 1.8 days.

Separately, TheStreet downgraded YRC Worldwide from a “c” rating to a “d+” rating in a report on Wednesday, May 15th.

Shares of MHH stock traded up $0.46 on Thursday, hitting $5.31. The stock had a trading volume of 24,900 shares, compared to its average volume of 8,038. Mastech Digital has a one year low of $4.51 and a one year high of $11.49.

Mastech Digital (NYSEAMERICAN:MHH) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $45.20 million during the quarter.

A hedge fund recently bought a new stake in Mastech Digital stock. Brandywine Global Investment Management LLC bought a new stake in Mastech Digital Inc (NYSEAMERICAN:MHH) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,900 shares of the company’s stock, valued at approximately $38,000. Brandywine Global Investment Management LLC owned about 0.05% of Mastech Digital at the end of the most recent reporting period.

About Mastech Digital

Mastech Digital, Inc provides digital transformation IT services to large, medium-sized organizations, 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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