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

Miami International Holdings, Inc. (NYSE:MIAX) was the target of a large drop in short interest in the month of 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. Based on an average daily volume of 1,056,041 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.9% of the company’s stock are short sold. Currently, 2.9% of the company’s stock are short sold. Based on an average daily volume of 1,056,041 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of Miami International

A number of large investors have recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of Miami International during the 3rd quarter valued at $29,000. Comerica Bank raised 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 acquiring an additional 937 shares during the period. SG Americas Securities LLC bought a new position in Miami International during the fourth quarter worth about $105,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Miami International in the third quarter worth about $101,000. Finally, Atlas Wealth Partners LLC lifted its stake in shares of Miami International by 11.8% during the 4th quarter. Atlas Wealth Partners LLC now owns 24,474 shares of the company’s stock valued at $1,086,000 after buying an additional 2,585 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Miami International from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Rosenblatt Securities restated a “buy” rating and issued a $55.00 target price on shares of Miami International in a report on Tuesday, December 9th. JPMorgan Chase & Co. increased their price target on Miami International from $32.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Miami International presently has an average rating of “Hold” and a consensus price target of $47.20.

Miami International Stock Up 0.6%

Shares of NYSE MIAX traded up $0.26 during mid-day trading on Friday, reaching $41.95. 189,280 shares of the company’s stock were exchanged, compared to its average volume of 885,962. The firm has a market cap of $3.42 billion and a price-to-earnings ratio of 2,097.45. The stock has a 50-day moving average price of $44.14. Miami International has a 52 week low of $28.63 and a 52 week high of $51.38.

Miami International (NYSE:MIAX) last posted its quarterly earnings data 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 for the quarter was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS.

About Miami International

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.