Mawson Infrastructure Group Inc. (NASDAQ:MIGI – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 696,800 shares, a decline of 29.1% from the August 15th total of 982,900 shares. Based on an average daily trading volume, of 739,100 shares, the short-interest ratio is presently 0.9 days. Approximately 4.8% of the shares of the stock are short sold.
Hedge Funds Weigh In On Mawson Infrastructure Group
An institutional investor recently raised its position in Mawson Infrastructure Group stock. Virtu Financial LLC increased its position in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI – Free Report) by 232.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,984 shares of the company’s stock after acquiring an additional 23,758 shares during the quarter. Virtu Financial LLC owned about 0.19% of Mawson Infrastructure Group worth $52,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 6.86% of the company’s stock.
Mawson Infrastructure Group Trading Down 0.8 %
NASDAQ:MIGI traded down $0.01 on Friday, hitting $1.25. 409,703 shares of the stock were exchanged, compared to its average volume of 563,549. The company’s 50-day moving average price is $1.36 and its 200 day moving average price is $1.36. Mawson Infrastructure Group has a 52 week low of $0.46 and a 52 week high of $4.40. The stock has a market capitalization of $21.90 million, a price-to-earnings ratio of -0.30 and a beta of 3.20. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.40 and a current ratio of 0.40.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reaffirmed a “neutral” rating on shares of Mawson Infrastructure Group in a report on Wednesday, August 21st.
Read Our Latest Report on Mawson Infrastructure Group
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.
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