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

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

Wall Street Analysts Forecast Growth

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

Mawson Infrastructure Group Price Performance

Shares of Mawson Infrastructure Group stock traded up $0.06 during trading on Friday, reaching $2.14. The company’s stock had a trading volume of 506,779 shares, compared to its average volume of 578,763. The business has a 50 day moving average price of $1.57 and a 200-day moving average price of $1.44. The company has a market capitalization of $40.04 million, a P/E ratio of -0.68 and a beta of 3.16. Mawson Infrastructure Group has a 12-month low of $0.69 and a 12-month high of $4.40. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.09.

Insider Activity at Mawson Infrastructure Group

In related news, Director Ryan Costello sold 48,395 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $1.25, for a total value of $60,493.75. Following the completion of the transaction, the director now directly owns 70,000 shares of the company’s stock, valued at approximately $87,500. This represents a 40.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.44% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mawson Infrastructure Group

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its holdings in shares of Mawson Infrastructure Group by 305.5% during the 3rd 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 during the period. Regal Partners Ltd purchased a new stake in Mawson Infrastructure Group during the third quarter worth approximately $40,000. Finally, Virtu Financial LLC increased its position 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 worth $52,000 after acquiring an additional 23,758 shares in the last quarter. 6.86% of the stock is currently owned by institutional investors and hedge funds.

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.