Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Short Interest Update

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 696,800 shares, a decrease of 29.1% from the August 15th total of 982,900 shares. Based on an average trading volume of 739,100 shares, the days-to-cover ratio is presently 0.9 days. Approximately 4.8% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “neutral” rating on shares of Mawson Infrastructure Group in a report on Wednesday, August 21st.

Mawson Infrastructure Group Stock Down 0.8 %

Shares of MIGI stock traded down $0.01 during trading hours on Friday, hitting $1.25. 409,703 shares of the company were exchanged, compared to its average volume of 563,549. Mawson Infrastructure Group has a 52 week low of $0.46 and a 52 week high of $4.40. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $1.36 and a two-hundred day moving average of $1.36. The company has a market capitalization of $21.90 million, a PE ratio of -0.30 and a beta of 3.20.

Mawson Infrastructure Group (NASDAQ:MIGI) last released its earnings results on Monday, August 19th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.14. The firm had revenue of $13.11 million during the quarter, compared to analysts’ expectations of $13.20 million. Mawson Infrastructure Group had a negative return on equity of 216.70% and a negative net margin of 107.21%. Analysts anticipate that Mawson Infrastructure Group will post -1.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mawson Infrastructure Group

An institutional investor recently raised its position in Mawson Infrastructure Group stock. Virtu Financial LLC grew its holdings in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 232.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,984 shares of the company’s stock after buying an additional 23,758 shares during the quarter. Virtu Financial LLC owned approximately 0.19% of Mawson Infrastructure Group worth $52,000 at the end of the most recent reporting period. 6.86% of the stock is owned by hedge funds and other institutional investors.

About Mawson Infrastructure Group

Mawson Infrastructure Group Inc develops and operates digital infrastructure for digital currency on the bitcoin blockchain network in the United States. It engages in digital currency or bitcoin self-mining, customer co-location and related services, and energy markets, as well as operates data center facilities.