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

Mawson Infrastructure Group Inc. (NASDAQ:MIGIGet Free Report) 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

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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.

Further Reading

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