HARRISON, N.Y. , Sept. 6, 2013 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) has been informed today that BUYINS.NET a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance has initiated coverage on MGT after releasing the latest short sale data through September 4, 2013. According to BUYINS.NET: 1.) The total aggregate number of shares shorted since March 2012 is approximately 6.35 million shares; 2.) Approximately 25% of daily trading volume is short selling; 3.) The SqueezeTrigger price for all MGT shares shorted is $4.26; and 4.) A short squeeze has just begun as the stock closed above its $4.26 SqueezeTrigger price.
Click here to view Report: http://www.buyins.com/reports/mgt9-5-13.pdf
Click here for SqueezeTrigger: http://www.buyins.com/images2/mgtstr9-5-13.jpg
Click here for Friction Factor: http://www.buyins.com/images2/mgtff9-5-13.jpg
Click here for detailed explanation: http://www.buyins.com/brochure.pdf
BUYINS.NET, http://www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies and comparable valuations.
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MGT does not participate in any data gathering or analyses by BUYINS.NET, nor prepare, verify or approve any statements made in reports issued by BUYINS.NET. BUYINS.NET has been paid $1,116 per month for access to short selling data provided in twelve monthly reports. Please read our report and visit our web site, http://www.buyins.net, for complete risks and disclosures.
About MGT Capital Investments, Inc.
MGT Capital Investments and its subsidiaries are engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." MGT's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.
SOURCE MGT Capital Investments, Inc.