Mawson Infrastructure Group Inc. (NASDAQ:MIGI) Short Interest Down 41.1% in December

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 210,087 shares, a decline of 41.1% from the December 15th total of 356,442 shares. Currently, 18.8% of the company’s shares are short sold. Based on an average trading volume of 461,188 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 461,188 shares, the short-interest ratio is currently 0.5 days. Currently, 18.8% of the company’s shares are short sold.

Mawson Infrastructure Group Stock Performance

Shares of NASDAQ:MIGI traded down $0.20 on Thursday, hitting $4.42. 54,364 shares of the company’s stock were exchanged, compared to its average volume of 262,935. Mawson Infrastructure Group has a 1-year low of $3.79 and a 1-year high of $40.00. The company has a market capitalization of $5.04 million, a PE ratio of -0.35 and a beta of 4.55. The firm’s 50-day moving average is $6.85 and its 200 day moving average is $10.70.

Mawson Infrastructure Group (NASDAQ:MIGI) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($10.60) by $10.80. The company had revenue of $13.18 million during the quarter, compared to analysts’ expectations of $5.30 million. On average, analysts anticipate that Mawson Infrastructure Group will post -1.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on MIGI shares. Wall Street Zen lowered Mawson Infrastructure Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Zacks Research upgraded shares of Mawson Infrastructure Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mawson Infrastructure Group in a report on Friday, October 31st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Mawson Infrastructure Group has a consensus rating of “Reduce”.

Insider Buying and Selling at Mawson Infrastructure Group

In other news, major shareholder Endeavor Blockchain, Llc bought 160,000 shares of the business’s stock in a transaction on Friday, January 9th. The shares were bought at an average price of $4.56 per share, with a total value of $729,600.00. Following the completion of the transaction, the insider directly owned 1,260,000 shares in the company, valued at $5,745,600. This trade represents a 14.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% 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.