Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Short Interest Down 29.1% in August

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 696,800 shares, a decrease of 29.1% from the August 15th total of 982,900 shares. Approximately 4.8% of the shares of the company are short sold. Based on an average daily volume of 739,100 shares, the short-interest ratio is currently 0.9 days.

Mawson Infrastructure Group Stock Performance

Mawson Infrastructure Group stock traded down $0.05 during midday trading on Monday, reaching $1.20. The stock had a trading volume of 376,822 shares, compared to its average volume of 626,556. The firm has a market capitalization of $21.02 million, a PE ratio of -0.30 and a beta of 3.20. Mawson Infrastructure Group has a 12 month low of $0.46 and a 12 month high of $4.40. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $1.36 and its 200 day moving average price is $1.36.

Mawson Infrastructure Group (NASDAQ:MIGI) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.55) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.14. The company had revenue of $13.11 million for the quarter, compared to analyst estimates of $13.20 million. Mawson Infrastructure Group had a negative net margin of 107.21% and a negative return on equity of 216.70%. As a group, research analysts predict that Mawson Infrastructure Group will post -1.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors 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 Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 232.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. 6.86% of the stock is 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.