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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC increased its position in Mawson Infrastructure Group by 305.5% during the 3rd quarter. Jane Street Group LLC now owns 67,619 shares of the company’s stock valued at $84,000 after purchasing an additional 50,945 shares during the period. Virtu Financial LLC lifted its holdings in Mawson Infrastructure Group by 150.2% during the fourth quarter. Virtu Financial LLC now owns 38,105 shares of the company’s stock worth $32,000 after buying an additional 22,873 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Mawson Infrastructure Group during the fourth quarter worth $161,000. Institutional investors own 6.86% of the company’s stock.

Mawson Infrastructure Group Trading Down 9.1 %

Shares of MIGI traded down $0.05 during trading hours on Tuesday, reaching $0.52. 156,453 shares of the company traded hands, compared to its average volume of 911,444. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.09. The firm has a market cap of $9.75 million, a price-to-earnings ratio of -0.16 and a beta of 3.65. The stock’s fifty day moving average price is $0.70 and its 200 day moving average price is $1.14. Mawson Infrastructure Group has a 12-month low of $0.44 and a 12-month high of $2.45.

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.