Short Interest in Mobilicom Limited Sponsored ADR (NASDAQ:MOB) Drops By 23.5%

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 391,795 shares, a drop of 23.5% from the December 31st total of 511,833 shares. Based on an average trading volume of 278,682 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.7% of the shares of the stock are short sold. Approximately 3.7% of the shares of the stock are short sold. Based on an average trading volume of 278,682 shares, the days-to-cover ratio is currently 1.4 days.

Analysts Set New Price Targets

Several equities analysts have commented on MOB shares. ThinkEquity reiterated a “buy” rating on shares of Mobilicom in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobilicom in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mobilicom presently has an average rating of “Hold” and a consensus target price of $2,750.00.

Mobilicom Stock Performance

Shares of NASDAQ MOB traded up $0.45 during trading on Tuesday, reaching $6.84. The company had a trading volume of 738,058 shares, compared to its average volume of 507,143. The company’s fifty day moving average price is $7.16 and its 200-day moving average price is $686.73. The company has a current ratio of 6.94, a quick ratio of 6.15 and a debt-to-equity ratio of 0.07. Mobilicom has a 12 month low of $1.31 and a 12 month high of $11.02.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MOB. Corsair Capital Management L.P. bought a new position in Mobilicom during the second quarter worth $50,000. Bank of America Corp DE bought a new stake in Mobilicom during the third quarter valued at $78,000. Raymond James Financial Inc. acquired a new stake in Mobilicom during the 3rd quarter worth about $847,000. Virtu Financial LLC bought a new position in shares of Mobilicom in the 3rd quarter worth about $233,000. Finally, Two Sigma Investments LP acquired a new position in shares of Mobilicom in the 3rd quarter valued at about $118,000. Institutional investors own 13.56% of the company’s stock.

About Mobilicom

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.