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

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

Mawson Infrastructure Group Stock Performance

Shares of NASDAQ:MIGI traded up $0.05 during midday trading on Monday, reaching $0.57. 1,178,159 shares of the company’s stock traded hands, compared to its average volume of 909,730. The company has a market cap of $10.66 million, a price-to-earnings ratio of -0.18 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. Mawson Infrastructure Group has a one year low of $0.44 and a one year high of $2.45. The stock has a 50 day moving average of $0.70 and a 200 day moving average of $1.14.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MIGI. Citadel Advisors LLC bought a new position in shares of Mawson Infrastructure Group during the fourth quarter valued at $161,000. Jane Street Group LLC lifted its holdings in Mawson Infrastructure Group by 305.5% in the third 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 during the period. Finally, Virtu Financial LLC lifted 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 acquiring an additional 22,873 shares during the period. 6.86% of the stock is owned by 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.