Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Short Interest Update
by Teresa Graham · The Cerbat GemMawson Infrastructure Group Inc. (NASDAQ:MIGI – Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 422,787 shares, an increase of 580.7% from the March 31st total of 62,111 shares. Based on an average daily volume of 2,741,483 shares, the short-interest ratio is presently 0.2 days. Currently, 7.9% of the company’s stock are short sold.
Insider Activity at Mawson Infrastructure Group
In other Mawson Infrastructure Group news, major shareholder Endeavor Blockchain, Llc bought 42,100 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were acquired at an average price of $4.57 per share, with a total value of $192,397.00. Following the transaction, the insider owned 1,500,000 shares of the company’s stock, valued at approximately $6,855,000. The trade was a 2.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on MIGI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Wednesday, January 28th. Wall Street Zen downgraded Mawson Infrastructure Group from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.
Get Our Latest Analysis on Mawson Infrastructure Group
Mawson Infrastructure Group Stock Performance
NASDAQ:MIGI traded up $1.40 during trading hours on Friday, hitting $7.37. The company’s stock had a trading volume of 334,678 shares, compared to its average volume of 1,470,098. Mawson Infrastructure Group has a 52-week low of $1.70 and a 52-week high of $40.00. The business’s 50-day moving average is $3.47 and its two-hundred day moving average is $7.80. The company has a market capitalization of $40.46 million, a PE ratio of -0.58 and a beta of 4.20.
Mawson Infrastructure Group (NASDAQ:MIGI – Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported ($12.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.40) by ($1.71). The business had revenue of $3.23 million for the quarter, compared to the consensus estimate of $5.30 million.
About Mawson Infrastructure Group
Mawson Infrastructure Group, Inc is a special purpose acquisition company formed to identify, acquire and operate businesses in the digital infrastructure sector. Incorporated in Delaware, the company focuses on high-growth areas such as data centers, fiber-optic networks, wireless towers and other critical infrastructure that supports the global digital economy.
The company completed its initial public offering in July 2021, raising capital to pursue its business combination objectives.