Short Interest in Mobix Labs, Inc. (NASDAQ:MOBX) Drops By 74.5%

Mobix Labs, Inc. (NASDAQ:MOBX) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 146,600 shares, a drop of 74.5% from the November 30th total of 573,800 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 822,800 shares, the days-to-cover ratio is currently 0.2 days.

Mobix Labs Stock Performance

NASDAQ MOBX traded up $0.09 on Thursday, hitting $2.06. 1,227,235 shares of the stock were exchanged, compared to its average volume of 391,297. Mobix Labs has a 52-week low of $0.55 and a 52-week high of $6.57. The firm has a market capitalization of $63.01 million, a P/E ratio of -2.68 and a beta of -0.26. The stock has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $1.16.

Mobix Labs (NASDAQ:MOBX) last released its quarterly earnings results on Thursday, December 19th. The company reported ($0.35) EPS for the quarter.

Institutional Investors Weigh In On Mobix Labs

A hedge fund recently bought a new stake in Mobix Labs stock. Wedbush Securities Inc. acquired a new stake in Mobix Labs, Inc. (NASDAQ:MOBX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,070 shares of the company’s stock, valued at approximately $62,000. Wedbush Securities Inc. owned about 0.14% of Mobix Labs as of its most recent SEC filing. Institutional investors and hedge funds own 8.56% of the company’s stock.

Mobix Labs Company Profile

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.