Mobia Medical, Inc. (NASDAQ:MOBI) Short Interest Update
by Sarita Garza · The Markets DailyMobia Medical, Inc. (NASDAQ:MOBI – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 827,893 shares, an increase of 140.3% from the May 31st total of 344,480 shares. Based on an average daily volume of 247,511 shares, the days-to-cover ratio is currently 3.3 days. Currently, 2.5% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
MOBI has been the topic of a number of research reports. Bank of America started coverage on shares of Mobia Medical in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $16.00 target price on the stock. BTIG Research started coverage on Mobia Medical in a report on Tuesday, June 2nd. They issued a “buy” rating and a $19.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Mobia Medical in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $15.00 price objective on the stock. Wall Street Zen raised Mobia Medical from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Finally, The Goldman Sachs Group began coverage on Mobia Medical in a report on Tuesday, June 2nd. They set a “buy” rating and a $31.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.25.
Read Our Latest Research Report on MOBI
Mobia Medical Price Performance
Shares of NASDAQ MOBI traded down $0.25 during midday trading on Monday, reaching $14.38. 143,851 shares of the stock were exchanged, compared to its average volume of 186,959. The company has a market capitalization of $478.12 million, a P/E ratio of 66.00 and a beta of 2.84. Mobia Medical has a twelve month low of $10.19 and a twelve month high of $15.29.
Mobia Medical (NASDAQ:MOBI – Get Free Report) last released its quarterly earnings results on Thursday, June 4th. The company reported $999.00 earnings per share for the quarter. The business had revenue of $12.07 million for the quarter.
Insider Buying and Selling at Mobia Medical
In other Mobia Medical news, insider Chase C. Leavitt bought 3,000 shares of Mobia Medical stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $45,000.00. Following the completion of the transaction, the insider directly owned 3,000 shares of the company’s stock, valued at approximately $45,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Nelson Bunker Curnes purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of $12.79 per share, for a total transaction of $63,950.00. Following the completion of the purchase, the chief financial officer owned 366,997 shares of the company’s stock, valued at approximately $4,693,891.63. This represents a 1.38% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 1,273,332 shares of company stock valued at $19,088,930.