Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Update

Mobix Labs, Inc. (NASDAQ:MOBX) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,605,534 shares, an increase of 43.0% from the November 30th total of 1,123,090 shares. Based on an average daily trading volume, of 974,328 shares, the days-to-cover ratio is currently 1.6 days. Currently, 3.9% of the company’s stock are short sold. Currently, 3.9% of the company’s stock are short sold. Based on an average daily trading volume, of 974,328 shares, the days-to-cover ratio is currently 1.6 days.

Mobix Labs Stock Performance

NASDAQ MOBX traded down $0.05 during trading on Wednesday, hitting $0.27. 2,662,798 shares of the company’s stock traded hands, compared to its average volume of 871,152. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.09 and a current ratio of 0.14. The stock has a market capitalization of $16.21 million, a price-to-earnings ratio of -0.24 and a beta of -0.12. Mobix Labs has a 12-month low of $0.26 and a 12-month high of $1.80. The business has a 50 day moving average of $0.54 and a 200-day moving average of $0.77.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Mobix Labs

A number of institutional investors and hedge funds have recently bought and sold shares of MOBX. XTX Topco Ltd increased its position 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 valued at $30,000 after purchasing an additional 12,443 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of Mobix Labs by 432.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock worth $83,000 after acquiring an additional 87,738 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its stake in shares of Mobix Labs by 20.6% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 950,981 shares of the company’s stock valued at $728,000 after purchasing an additional 162,361 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Mobix Labs by 64.3% during the 1st quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after purchasing an additional 642,857 shares during the last quarter. Finally, Armistice Capital LLC purchased a new position in Mobix Labs in the 2nd quarter worth $3,272,000. 8.56% of the stock is owned by hedge funds and other institutional investors.

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.