MDB Capital Holdings, LLC (NASDAQ:MDBH) Sees Significant Drop in Short Interest

MDB Capital Holdings, LLC (NASDAQ:MDBH) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,800 shares, a decline of 53.8% from the January 15th total of 3,900 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 10,600 shares, the days-to-cover ratio is currently 0.2 days.

Insiders Place Their Bets

In other MDB Capital news, CFO Jeremy William James sold 4,161 shares of MDB Capital stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $8.21, for a total value of $34,161.81. Following the completion of the sale, the chief financial officer now owns 15,839 shares of the company’s stock, valued at approximately $130,038.19. The trade was a 20.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders acquired 9,463 shares of company stock valued at $58,491. 55.52% of the stock is owned by insiders.

Hedge Funds Weigh In On MDB Capital

A hedge fund recently raised its stake in MDB Capital stock. Pasadena Private Wealth LLC increased its stake in MDB Capital Holdings, LLC (NASDAQ:MDBH) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,200 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Pasadena Private Wealth LLC owned approximately 0.92% of MDB Capital worth $537,000 at the end of the most recent quarter. 0.35% of the stock is currently owned by institutional investors and hedge funds.

MDB Capital Stock Performance

Shares of MDBH stock traded up $0.11 on Thursday, reaching $6.21. The stock had a trading volume of 4,605 shares, compared to its average volume of 7,559. The stock has a market cap of $57.75 million, a P/E ratio of -2.16 and a beta of 1.26. MDB Capital has a 1 year low of $5.78 and a 1 year high of $13.25. The company has a 50 day simple moving average of $6.32 and a 200 day simple moving average of $7.28.

MDB Capital (NASDAQ:MDBH) last announced its earnings results on Tuesday, November 12th. The company reported ($0.83) earnings per share (EPS) for the quarter.

MDB Capital Company Profile

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence.