Short Interest in Mandiant, Inc. (NASDAQ:MNDT) Grows By 5.4%

Mandiant, Inc. (NASDAQ:MNDTGet Rating) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 41,410,000 shares, an increase of 5.4% from the August 15th total of 39,290,000 shares. Approximately 18.2% of the company’s shares are sold short. Based on an average trading volume of 3,500,000 shares, the short-interest ratio is presently 11.8 days.

Institutional Investors Weigh In On Mandiant

Several hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new position in Mandiant during the fourth quarter valued at $259,000. Raymond James & Associates purchased a new position in Mandiant during the fourth quarter valued at $539,000. Dimensional Fund Advisors LP purchased a new position in Mandiant during the fourth quarter valued at $30,116,000. Principal Financial Group Inc. purchased a new position in Mandiant during the fourth quarter valued at $329,000. Finally, HighTower Advisors LLC purchased a new position in Mandiant during the fourth quarter valued at $200,000. 78.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Mandiant from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.67.

Mandiant Stock Performance

NASDAQ MNDT opened at $22.98 on Tuesday. The company has a quick ratio of 3.67, a current ratio of 3.67 and a debt-to-equity ratio of 0.47. Mandiant has a twelve month low of $13.76 and a twelve month high of $23.33. The firm has a market capitalization of $5.40 billion, a PE ratio of 6.55 and a beta of 0.82. The stock’s 50 day moving average is $22.77 and its 200 day moving average is $22.28.

Mandiant (NASDAQ:MNDTGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.03). Mandiant had a net margin of 162.82% and a negative return on equity of 17.84%. The firm had revenue of $137.92 million for the quarter, compared to the consensus estimate of $132.18 million. Research analysts forecast that Mandiant will post -1.13 earnings per share for the current fiscal year.

Mandiant Company Profile

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Mandiant, Inc engages in the provision of cyber security solutions. The company, through the Mandiant Advantage SaaS platform, offers threat intelligence, security validation, attack surface management and security automation, as well as managed and consulting services. It also provides Advantage Platform, a multi-vendor XDR platform that delivers the company's expertise and frontline intelligence to security teams; Managed Defense, a solution with comprehensive protection from advanced and emerging threats; and Mandiant Academy, which provides cyber security training services.

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