Short Interest in Mobix Labs, Inc. (NASDAQ:MOBX) Declines By 85.8%
by Renee Jackson · The Cerbat GemMobix Labs, Inc. (NASDAQ:MOBX – Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 1,381,143 shares, a decrease of 85.8% from the March 31st total of 9,703,339 shares. Currently, 16.1% of the shares of the company are sold short. Based on an average trading volume of 1,720,207 shares, the short-interest ratio is currently 0.8 days.
Mobix Labs Price Performance
MOBX stock traded up $0.18 during trading on Friday, hitting $2.92. The company had a trading volume of 355,946 shares, compared to its average volume of 1,192,738. Mobix Labs has a fifty-two week low of $1.31 and a fifty-two week high of $14.40. The company has a current ratio of 0.11, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $30.10 million, a price-to-earnings ratio of -0.43 and a beta of -0.62. The business has a 50 day moving average of $4.00 and a 200 day moving average of $4.43.
Institutional Investors Weigh In On Mobix Labs
A number of institutional investors and hedge funds have recently modified their holdings of MOBX. XTX Topco Ltd boosted its holdings in shares of Mobix Labs by 47.4% in the second quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock worth $30,000 after buying an additional 12,443 shares during the period. Virtu Financial LLC lifted its position in shares of Mobix Labs by 247.8% in the fourth quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock worth $25,000 after purchasing an additional 66,982 shares in the last quarter. Toronto Dominion Bank purchased a new stake in shares of Mobix Labs in the fourth quarter worth approximately $27,000. Mariner LLC lifted its position in shares of Mobix Labs by 103.5% in the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after purchasing an additional 68,879 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Mobix Labs by 17.3% in the fourth quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock worth $114,000 after purchasing an additional 62,715 shares in the last quarter. 8.56% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on MOBX shares. Weiss Ratings restated a “sell (e+)” rating on shares of Mobix Labs in a research report on Tuesday. Wall Street Zen raised shares of Mobix Labs to a “sell” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
View Our Latest Stock Report on Mobix Labs
About Mobix Labs
Mobix Labs, Inc (NASDAQ: MOBX) is a technology company specializing in device intelligence software and services for the mobile device lifecycle. The company’s core platform enables real-time testing, authentication and diagnostic verification of smartphones and other connected devices. By combining automated testing tools with data analytics, Mobix Labs helps carriers, retailers, original equipment manufacturers (OEMs) and repair centers streamline operations and reduce return rates, fraud and waste.
Mobix Labs offers a suite of products designed to support the full spectrum of device management.