Mawson Infrastructure Group, Inc. (NASDAQ:MIGI – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 67,100 shares, a drop of 29.3% from the October 15th total of 94,900 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 175,500 shares, the short-interest ratio is presently 0.4 days.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on MIGI shares. HC Wainwright reissued a “buy” rating on shares of Mawson Infrastructure Group in a research note on Thursday, August 24th. Cantor Fitzgerald reissued a “neutral” rating on shares of Mawson Infrastructure Group in a research note on Tuesday, September 5th.
Mawson Infrastructure Group Stock Down 4.0 %
Mawson Infrastructure Group (NASDAQ:MIGI – Get Free Report) last released its quarterly earnings results on Monday, August 21st. The company reported ($1.12) earnings per share (EPS) for the quarter. The firm had revenue of $10.55 million for the quarter. Mawson Infrastructure Group had a negative return on equity of 97.56% and a negative net margin of 142.09%. Equities analysts anticipate that Mawson Infrastructure Group will post -1.88 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in MIGI. Perpetual Ltd acquired a new position in Mawson Infrastructure Group during the 1st quarter worth $26,000. Morgan Stanley grew its holdings in Mawson Infrastructure Group by 44.5% during the 4th quarter. Morgan Stanley now owns 136,481 shares of the company’s stock worth $31,000 after acquiring an additional 42,022 shares in the last quarter. Harvest Portfolios Group Inc. acquired a new position in shares of Mawson Infrastructure Group in the 1st quarter valued at about $32,000. CIBC Asset Management Inc acquired a new position in shares of Mawson Infrastructure Group in the 1st quarter valued at about $39,000. Finally, Toroso Investments LLC acquired a new position in shares of Mawson Infrastructure Group in the 1st quarter valued at about $41,000. 14.53% of the stock is owned by institutional investors and hedge funds.
About Mawson Infrastructure Group
Mawson Infrastructure Group, Inc, a digital infrastructure provider, operates in cryptocurrency mining business in the United States and Australia. It owns and operates modular data centers. The company is based in Sharon, Pennsylvania.
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