Mobilicom Limited Sponsored ADR (NASDAQ:MOB) Short Interest Update

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 622,928 shares, a growth of 59.0% from the January 15th total of 391,795 shares. Based on an average daily trading volume, of 742,522 shares, the days-to-cover ratio is currently 0.8 days. Currently, 5.9% of the shares of the company are sold short. Currently, 5.9% of the shares of the company are sold short. Based on an average daily trading volume, of 742,522 shares, the days-to-cover ratio is currently 0.8 days.

Mobilicom Trading Down 2.2%

Shares of MOB traded down $0.12 during trading hours on Friday, reaching $5.35. 163,849 shares of the company’s stock traded hands, compared to its average volume of 574,506. The firm’s 50 day simple moving average is $7.03 and its 200-day simple moving average is $637.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 6.15 and a current ratio of 6.94. Mobilicom has a 12 month low of $1.31 and a 12 month high of $11.02.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity reiterated a “buy” rating on shares of Mobilicom in a research report on Monday, October 20th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $2,750.00.

Hedge Funds Weigh In On Mobilicom

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE purchased a new stake in Mobilicom during the third quarter valued at about $78,000. JPMorgan Chase & Co. purchased a new stake in Mobilicom during the 3rd quarter valued at about $91,000. Two Sigma Investments LP bought a new position in Mobilicom during the 3rd quarter worth approximately $118,000. Scientech Research LLC purchased a new position in Mobilicom in the 3rd quarter worth approximately $138,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Mobilicom by 997.3% during the third quarter. BNP Paribas Financial Markets now owns 19,751 shares of the company’s stock valued at $184,000 after purchasing an additional 17,951 shares during the period. Institutional investors own 13.56% of the company’s stock.

Mobilicom Company Profile

Mobilicom Ltd. (NASDAQ: MOB) is an Israel-based technology company specializing in secure communications, cybersecurity and edge computing solutions for unmanned systems, ground vehicles and critical assets. The company’s core platform integrates advanced encryption, artificial intelligence and resilient networking capabilities to protect data and command-and-control links in contested or degraded environments.

The company’s flagship offerings include AerialGuard, a turnkey cyber-hardened communications suite for unmanned aerial vehicles (UAVs); VehicularGuard, designed to secure vehicle-to-everything (V2X) communications in ground systems; and MissionCore, a software-defined command-and-control framework that delivers real-time situational awareness and autonomous decision support.