Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Short Interest Update

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 356,442 shares, a growth of 136.4% from the November 30th total of 150,764 shares. Based on an average daily volume of 7,219,988 shares, the days-to-cover ratio is currently 0.0 days. Approximately 31.8% of the company’s shares are short sold. Approximately 31.8% of the company’s shares are short sold. Based on an average daily volume of 7,219,988 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Several research firms recently issued reports on MIGI. Weiss Ratings reissued a “sell (d-)” rating on shares of Mawson Infrastructure Group in a research report on Friday, October 31st. Wall Street Zen cut Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Zacks Research raised shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mawson Infrastructure Group currently has an average rating of “Reduce”.

Mawson Infrastructure Group Trading Up 1.1%

NASDAQ MIGI traded up $0.05 during trading hours on Friday, reaching $4.50. The company’s stock had a trading volume of 266,836 shares, compared to its average volume of 389,314. The business has a 50-day simple moving average of $13.02 and a 200 day simple moving average of $11.13. Mawson Infrastructure Group has a 52 week low of $3.95 and a 52 week high of $40.00. The stock has a market cap of $5.14 million, a PE ratio of -0.36 and a beta of 4.62.

Mawson Infrastructure Group (NASDAQ:MIGI) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($10.60) by $10.80. The company had revenue of $13.18 million during the quarter, compared to the consensus estimate of $5.30 million. As a group, equities analysts predict that Mawson Infrastructure Group will post -1.85 EPS for the current year.

Institutional Trading of Mawson Infrastructure Group

A hedge fund recently bought a new stake in Mawson Infrastructure Group stock. Ieq Capital LLC bought a new position in Mawson Infrastructure Group Inc. (NASDAQ:MIGI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 244,500 shares of the company’s stock, valued at approximately $122,000. Ieq Capital LLC owned about 1.30% of Mawson Infrastructure Group as of its most recent SEC filing. Hedge funds and other institutional investors own 6.86% of the company’s stock.

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.