MGT Capital Investments Inc (NYSEMKT:MGT), According to the latest information the short interest in MGT Cap Investments shot up by 23.6% or 594,359 shares. The final shorts are 16.1% of the total floated shares. The positions increased from 2,522,084 shares on May 31,2016 to 3,116,443 on June 15,2016. According to the per-day average trading of 5,483,748 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
MGT Capital Investments Inc (NYSEMKT:MGT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.00 and $2.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.23, notching a gain of 0.94% for the day. The total traded volume was 3,318,203 . The stock had closed at $3.20 on the previous day.
The company shares have rallied 687.81% from its 1 Year high price. On May 18, 2016, the shares registered one year high at $5.58 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $2.51 and the 200 Day Moving Average price is recorded at $0.83.
MGT Capital Investments Inc (NYSEMKT:MGT) has tumbled 6.38% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 37.45% in the last four weeks. The stocks have underperformed the S&P 500 by 4.82% during the past week but MGT Capital Investments Inc (NYSEMKT:MGT) it has outperformed the index in 4 weeks by 41.61%.
MGT Capital Investments, Inc. (MGT), through its subsidiaries, is engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space and social casino. The Company has four segments: Medicsight Software/Devices, Medicsight Services, Gaming and Intellectual Property. MGTs portfolio of assets in the online, mobile gaming and social casino gaming space includes DraftDay.com, FantasySportsLive.com and Slot Champ. The Companys direct and indirect owned subsidiaries include MGT Gaming, Inc. (MGT Gaming), MGT Interactive LLC (MGT Interactive), Medicsight, Inc. (Medicsight), MGT Studios, Inc. (MGT Studios), M2P Americas, Inc., MGT Sports, Inc. (MGT Sports) and FanTD LLC, (FanTD).