Short Interest in Mobix Labs, Inc. (NASDAQ:MOBX) Expands By 894.8%

Mobix Labs, Inc. (NASDAQ:MOBX) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 5,483,051 shares, an increase of 894.8% from the January 29th total of 551,177 shares. Based on an average daily trading volume, of 48,139,806 shares, the days-to-cover ratio is currently 0.1 days. Approximately 7.8% of the shares of the stock are short sold. Approximately 7.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 48,139,806 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Mobix Labs

In other Mobix Labs news, CFO Keyvan Samini sold 211,672 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was 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 owned 2,671,661 shares of the company’s stock, valued at approximately $854,931.52. The trade was a 7.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Mobix Labs

A number of institutional investors have recently bought and sold shares of MOBX. XTX Topco Ltd raised its position in shares of Mobix Labs by 47.4% in the 2nd quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock worth $30,000 after acquiring an additional 12,443 shares in the last quarter. Vanguard Capital Wealth Advisors grew its position in shares of Mobix Labs by 4.1% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock worth $370,000 after buying an additional 54,700 shares during the period. Geode Capital Management LLC increased its stake in shares of Mobix Labs by 17.3% in the 4th quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock valued at $114,000 after acquiring an additional 62,715 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Mobix Labs by 247.8% during the 4th quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock valued at $25,000 after acquiring an additional 66,982 shares during the period. Finally, Mariner LLC boosted its stake in Mobix Labs by 103.5% during the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after acquiring an additional 68,879 shares in the last quarter. Institutional investors own 8.56% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Mobix Labs Trading Down 2.9%

Shares of MOBX stock traded down $0.01 on Thursday, hitting $0.17. The company had a trading volume of 347,648 shares, compared to its average volume of 24,083,584. Mobix Labs has a twelve month low of $0.13 and a twelve month high of $1.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.07 and a current ratio of 0.11. The firm has a market cap of $17.01 million, a P/E ratio of -0.24 and a beta of -0.09. The stock’s 50-day moving average is $0.24 and its two-hundred day moving average is $0.59.

Mobix Labs (NASDAQ:MOBX) last announced its earnings results on Thursday, February 12th. The company reported ($0.16) EPS for the quarter. The company had revenue of $1.88 million during the quarter. Mobix Labs had a negative net margin of 289.21% and a negative return on equity of 2,857.36%.

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.