Short Interest in Mobilicom Limited (NASDAQ:MOBBW) Decreases By 93.0%

Mobilicom Limited (NASDAQ:MOBBW) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 343 shares, a decline of 93.0% from the May 14th total of 4,898 shares. Based on an average daily trading volume, of 14,583 shares, the days-to-cover ratio is currently 0.0 days.

Mobilicom Trading Down 0.4%

Shares of NASDAQ:MOBBW traded down $0.01 during midday trading on Tuesday, hitting $2.59. 10,486 shares of the stock were exchanged, compared to its average volume of 6,179. Mobilicom has a twelve month low of $0.29 and a twelve month high of $5.80. The company has a 50 day moving average price of $2.33 and a 200-day moving average price of $2.65.

About Mobilicom

Mobilicom Ltd. (NASDAQ:MOBBW) is a technology company specializing in secure, mission-critical communications and cybersecurity solutions for edge and IoT applications. The company’s end-to-end hardware and software platform delivers encrypted, low-latency voice, video and data connectivity across multi-network topologies, enabling real-time situational awareness in remote and contested environments. Mobilicom’s product portfolio includes edge cyber protection modules, mesh-network communication nodes and command-and-control software for unmanned systems and other field-deployed assets.

Mobilicom’s solutions support a range of applications such as unmanned aerial vehicles (UAVs), autonomous ground vehicles, industrial robotics and critical infrastructure monitoring.