Miami International Holdings, Inc. (NYSE:MIAX) Short Interest Update

by · The Cerbat Gem

Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 2,377,849 shares, a drop of 40.5% from the December 31st total of 3,996,304 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average trading volume of 1,056,041 shares, the short-interest ratio is currently 2.3 days. Based on an average trading volume of 1,056,041 shares, the short-interest ratio is currently 2.3 days. Approximately 2.9% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MIAX shares. JPMorgan Chase & Co. upped their target price on shares of Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Morgan Stanley increased their target price on Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. Piper Sandler upped their price target on Miami International from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Miami International from $43.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $47.20.

Read Our Latest Stock Report on MIAX

Hedge Funds Weigh In On Miami International

Several institutional investors and hedge funds have recently modified their holdings of the stock. National Bank of Canada FI purchased a new position in Miami International in the third quarter valued at about $29,000. Comerica Bank boosted its position in Miami International by 295.6% during the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after purchasing an additional 937 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in Miami International in the 3rd quarter valued at $101,000. SG Americas Securities LLC bought a new position in shares of Miami International in the fourth quarter worth about $105,000. Finally, Texas Yale Capital Corp. bought a new position in Miami International in the 3rd quarter worth approximately $201,000.

Miami International Trading Up 0.3%

Shares of NYSE:MIAX traded up $0.12 during trading on Friday, reaching $41.81. The company had a trading volume of 700,505 shares, compared to its average volume of 878,715. Miami International has a twelve month low of $28.63 and a twelve month high of $51.38. The business’s fifty day moving average is $44.09.

Miami International (NYSE:MIAX – Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.12. Miami International’s revenue was up 57.4% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS.

Miami International Company Profile

(Get Free Report)

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.

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