Could MINING POWER GROUP INC (OTCMKTS:MPGR) See a Reversal After More Sellers Came In?

The stock of MINING POWER GROUP INC (OTCMKTS:MPGR) registered an increase of 77.78% in short interest. MPGR’s total short interest was 1,600 shares in March as published by FINRA. Its up 77.78% from 900 shares, reported previously. With 15,500 shares average volume, it will take short sellers 0 days to cover their MPGR’s short positions.

It closed at $0.1 lastly. It is down 0.00% since March 17, 2018 and is . It has underperformed by 4.37% the S&P500.

Mining Power Group, Inc., through its subsidiaries, develops, makes, and markets Simple Cork, a wine bottle cork/opener in the United States. The company has market cap of $13.70 million. It also focuses on the development of a cryptocurrency mining business for Bitcoin and other cryptocurrencies. It currently has negative earnings. The firm was formerly known as First Intercontinental Technology, Inc. and changed its name to Mining Power Group, Inc. in February 2018.

Another recent and important Mining Power Group, Inc. (OTCMKTS:MPGR) news was published by Seekingalpha.com which published an article titled: “Rich Cigars +19.2% on crypto mining shift – Seeking Alpha” on December 27, 2017.

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