Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Sees Large Decline in Short Interest

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 573,900 shares, a drop of 18.4% from the October 31st total of 703,100 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average trading volume of 435,600 shares, the short-interest ratio is currently 1.3 days.

Insider Activity

In other Mawson Infrastructure Group news, Director Ryan Costello sold 48,395 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $1.25, for a total transaction of $60,493.75. Following the completion of the sale, the director now owns 70,000 shares of the company’s stock, valued at $87,500. This trade represents a 40.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.44% of the company’s stock.

Institutional Trading of Mawson Infrastructure Group

A number of institutional investors have recently bought and sold shares of the business. Regal Partners Ltd acquired a new stake in shares of Mawson Infrastructure Group in the third quarter valued at approximately $40,000. Virtu Financial LLC increased its stake in Mawson Infrastructure Group by 232.3% during the 1st quarter. Virtu Financial LLC now owns 33,984 shares of the company’s stock worth $52,000 after acquiring an additional 23,758 shares during the period. Finally, Jane Street Group LLC raised its holdings in Mawson Infrastructure Group by 305.5% in the 3rd quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock valued at $84,000 after acquiring an additional 50,945 shares in the last quarter. Institutional investors own 6.86% of the company’s stock.

Mawson Infrastructure Group Trading Up 2.9 %

MIGI stock opened at $2.14 on Monday. Mawson Infrastructure Group has a 52 week low of $0.69 and a 52 week high of $4.40. The company has a market capitalization of $40.04 million, a PE ratio of -0.68 and a beta of 3.23. The company’s 50-day simple moving average is $1.57 and its 200 day simple moving average is $1.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 0.39.

Wall Street Analysts Forecast Growth

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

Mawson Infrastructure Group Company Profile

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.