Mobile Infrastructure Corporation (NASDAQ:BEEP) Short Interest Up 41.1% in December

Mobile Infrastructure Corporation (NASDAQ:BEEP) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 238,890 shares, an increase of 41.1% from the November 30th total of 169,248 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 76,253 shares, the short-interest ratio is currently 3.1 days. Based on an average daily trading volume, of 76,253 shares, the short-interest ratio is currently 3.1 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Mobile Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MAI Capital Management boosted its stake in Mobile Infrastructure by 99.3% during the first quarter. MAI Capital Management now owns 6,253 shares of the company’s stock valued at $26,000 after buying an additional 3,116 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Mobile Infrastructure by 104.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company’s stock valued at $170,000 after acquiring an additional 20,741 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Mobile Infrastructure by 85.1% during the 1st quarter. Jane Street Group LLC now owns 33,689 shares of the company’s stock valued at $140,000 after acquiring an additional 15,484 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Mobile Infrastructure during the first quarter worth about $80,000. Finally, North Star Investment Management Corp. bought a new position in shares of Mobile Infrastructure in the second quarter worth approximately $240,000. Hedge funds and other institutional investors own 84.30% of the company’s stock.

Mobile Infrastructure Price Performance

Shares of NASDAQ:BEEP opened at $2.81 on Monday. The company has a 50 day moving average of $3.10 and a 200 day moving average of $3.54. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.18. The stock has a market cap of $118.86 million, a P/E ratio of -7.21 and a beta of 0.53. Mobile Infrastructure has a 12 month low of $2.50 and a 12 month high of $4.84.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BEEP. Wall Street Zen cut shares of Mobile Infrastructure to a “strong sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mobile Infrastructure in a report on Monday, December 22nd. Finally, Barrington Research reiterated an “outperform” rating and issued a $6.50 price target on shares of Mobile Infrastructure in a research report on Friday, November 14th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.88.

Mobile Infrastructure Company Profile

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.