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

Mawson Infrastructure Group Inc. (NASDAQ:MIGI) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 61,545 shares, a decrease of 25.9% from the February 26th total of 83,053 shares. Based on an average daily volume of 53,860 shares, the short-interest ratio is presently 1.1 days. Approximately 5.5% of the company’s stock are short sold.

Insider Buying and Selling

In other news, major shareholder Endeavor Blockchain, Llc bought 42,100 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were purchased at an average price of $4.57 per share, with a total value of $192,397.00. Following the transaction, the insider directly owned 1,500,000 shares in the company, valued at $6,855,000. This represents a 2.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 424,118 shares of company stock valued at $1,967,559. Company insiders own 2.00% of the company’s stock.

Mawson Infrastructure Group Stock Performance

MIGI traded down $0.42 during midday trading on Friday, reaching $1.97. The company had a trading volume of 168,425 shares, compared to its average volume of 50,505. Mawson Infrastructure Group has a 12-month low of $1.82 and a 12-month high of $40.00. The business has a 50-day moving average price of $3.21 and a two-hundred day moving average price of $8.53. The stock has a market cap of $2.25 million, a PE ratio of -0.16 and a beta of 4.09.

Analyst Ratings Changes

A number of analysts recently commented on MIGI shares. Weiss Ratings reaffirmed 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 “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

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.