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

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

Mawson Infrastructure Group Trading Up 2.9 %

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

Insider Buying and Selling

In other Mawson Infrastructure Group news, Director Ryan Costello sold 48,395 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 70,000 shares of the company’s stock, valued at approximately $87,500. The trade was a 40.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mawson Infrastructure Group

A number of hedge funds have recently modified their holdings of MIGI. Virtu Financial LLC increased its stake in shares of Mawson Infrastructure Group by 232.3% in the first quarter. Virtu Financial LLC now owns 33,984 shares of the company’s stock valued at $52,000 after buying an additional 23,758 shares during the period. Regal Partners Ltd acquired a new stake in shares of Mawson Infrastructure Group during the third quarter worth $40,000. Finally, Jane Street Group LLC raised its stake 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 buying an additional 50,945 shares during the last quarter. Institutional investors and hedge funds own 6.86% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated 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.