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

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 236,300 shares, a drop of 26.3% from the February 13th total of 320,700 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average trading volume of 2,080,000 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Mawson Infrastructure Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in Mawson Infrastructure Group in the fourth quarter valued at $161,000. Jane Street Group LLC boosted its position in Mawson Infrastructure Group by 305.5% during the third quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock worth $84,000 after purchasing an additional 50,945 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in Mawson Infrastructure Group by 150.2% in the fourth quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock valued at $32,000 after purchasing an additional 22,873 shares during the period. Institutional investors and hedge funds own 6.86% of the company’s stock.

Mawson Infrastructure Group Stock Performance

Shares of NASDAQ MIGI traded down $0.05 during mid-day trading on Tuesday, hitting $0.52. The stock had a trading volume of 156,453 shares, compared to its average volume of 911,444. Mawson Infrastructure Group has a twelve month low of $0.44 and a twelve month high of $2.45. The firm has a market cap of $9.75 million, a PE ratio of -0.16 and a beta of 3.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.39 and a current ratio of 0.39. The company has a 50 day moving average of $0.70 and a two-hundred day moving average of $1.14.

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.