Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Down 37.9% in December
by Mitch Edgeman · The Markets DailyMobix Labs, Inc. (NASDAQ:MOBX – Get Free Report) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 996,450 shares, a drop of 37.9% from the December 15th total of 1,605,534 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 1,478,866 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 1,478,866 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.4% of the shares of the company are sold short.
Insider Buying and Selling at Mobix Labs
In other news, CFO Keyvan Samini sold 211,672 shares of Mobix Labs stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $0.32, for a total transaction of $67,735.04. Following the completion of the transaction, the chief financial officer directly owned 2,671,661 shares of the company’s stock, valued at $854,931.52. The trade was a 7.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.03% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Focus Partners Wealth increased its position in Mobix Labs by 64.3% during the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock worth $1,467,000 after purchasing an additional 642,857 shares during the last quarter. Vanguard Capital Wealth Advisors increased its holdings in shares of Mobix Labs by 20.6% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 950,981 shares of the company’s stock worth $728,000 after buying an additional 162,361 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Mobix Labs by 47.4% during the 2nd 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 last quarter. Beacon Pointe Advisors LLC raised its position in shares of Mobix Labs by 432.7% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock valued at $83,000 after buying an additional 87,738 shares during the period. Finally, Armistice Capital LLC acquired a new position in Mobix Labs in the second quarter valued at approximately $3,272,000. Institutional investors and hedge funds own 8.56% of the company’s stock.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mobix Labs in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on MOBX
Mobix Labs Stock Performance
Shares of Mobix Labs stock traded up $0.01 during mid-day trading on Friday, reaching $0.24. 4,536,658 shares of the stock traded hands, compared to its average volume of 18,742,522. Mobix Labs has a fifty-two week low of $0.17 and a fifty-two week high of $1.67. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.14 and a quick ratio of 0.09. The business has a 50-day moving average of $0.42 and a 200 day moving average of $0.73.
Mobix Labs (NASDAQ:MOBX – Get Free Report) last posted its quarterly earnings results on Monday, January 12th. The company reported ($0.29) earnings per share (EPS) for the quarter. Mobix Labs had a negative net margin of 381.82% and a negative return on equity of 5,149.05%. The company had revenue of $5.86 million during the quarter.
Mobix Labs Company Profile
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.
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