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

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) was the recipient of a significant decrease in short interest in 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. Based on an average daily volume of 739,100 shares, the days-to-cover ratio is currently 0.9 days. Currently, 4.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On Mawson Infrastructure Group

An institutional investor recently raised its position in Mawson Infrastructure Group stock. Virtu Financial LLC boosted its position in shares of Mawson Infrastructure Group Inc. (NASDAQ:MIGI) by 232.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,984 shares of the company’s stock after buying an additional 23,758 shares during the quarter. Virtu Financial LLC owned approximately 0.19% of Mawson Infrastructure Group worth $52,000 as of its most recent filing with the Securities & Exchange Commission. 6.86% of the stock is currently owned by institutional investors and hedge funds.

Mawson Infrastructure Group Price Performance

Mawson Infrastructure Group stock traded down $0.05 during mid-day trading on Monday, hitting $1.20. 376,822 shares of the company traded hands, compared to its average volume of 626,556. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.40 and a current ratio of 0.40. Mawson Infrastructure Group has a one year low of $0.46 and a one year high of $4.40. The stock has a market cap of $21.02 million, a price-to-earnings ratio of -0.30 and a beta of 3.20. The stock has a fifty day moving average price of $1.36 and a 200-day moving average price of $1.36.

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

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.

Mawson Infrastructure Group Company Profile

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.