Miami International Holdings, Inc. (NYSE:MIAX) Short Interest Down 18.0% in February

Miami International Holdings, Inc. (NYSE:MIAX) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 2,169,226 shares, a decrease of 18.0% from the February 12th total of 2,643,801 shares. Based on an average daily trading volume, of 2,142,481 shares, the short-interest ratio is currently 1.0 days. Currently, 2.7% of the company’s stock are short sold. Currently, 2.7% of the company’s stock are short sold. Based on an average daily trading volume, of 2,142,481 shares, the short-interest ratio is currently 1.0 days.

Miami International Stock Up 2.6%

Shares of Miami International stock traded up $0.99 during trading on Monday, reaching $39.46. The company’s stock had a trading volume of 1,009,592 shares, compared to its average volume of 1,670,008. Miami International has a 12-month low of $28.63 and a 12-month high of $51.38. The business has a 50 day moving average price of $41.63 and a 200-day moving average price of $42.55. The company has a market capitalization of $3.62 billion and a P/E ratio of 73.06.

Miami International (NYSE:MIAX) last issued its earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The company had revenue of $369.43 million for the quarter, compared to analysts’ expectations of $121.13 million. The business’s quarterly revenue was up 14.0% on a year-over-year basis.

Insider Transactions at Miami International

In other Miami International news, Director Murray Stahl bought 7,200 shares of Miami International stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $43.38 per share, for a total transaction of $312,336.00. Following the acquisition, the director directly owned 4,633,842 shares in the company, valued at $201,016,065.96. This represents a 0.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MIAX. State of Wyoming acquired a new stake in shares of Miami International during the 4th quarter valued at approximately $26,000. National Bank of Canada FI purchased a new position in Miami International in the 3rd quarter valued at approximately $29,000. Comerica Bank increased its stake in Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after purchasing an additional 937 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Miami International during the fourth quarter worth $66,000. Finally, SG Americas Securities LLC acquired a new position in Miami International during the fourth quarter worth $105,000.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MIAX. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Wall Street Zen upgraded Miami International from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Rosenblatt Securities restated a “buy” rating and set a $59.00 price target on shares of Miami International in a report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.00.

Miami International Company Profile

Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.