Mobix Labs, Inc. (NASDAQ:MOBX) Sees Large Increase in Short Interest

Mobix Labs, Inc. (NASDAQ:MOBX) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,064,744 shares, a growth of 191.2% from the April 30th total of 1,395,656 shares. Based on an average daily volume of 15,803,053 shares, the days-to-cover ratio is presently 0.3 days. Currently, 47.4% of the shares of the company are short sold.

Mobix Labs Stock Up 0.2%

MOBX opened at $2.40 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.23 and a debt-to-equity ratio of 0.11. The firm has a market cap of $32.31 million, a P/E ratio of -0.35 and a beta of -0.76. Mobix Labs has a 52 week low of $1.31 and a 52 week high of $14.40. The business’s fifty day simple moving average is $2.88 and its 200 day simple moving average is $3.52.

Mobix Labs (NASDAQ:MOBX) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.59) EPS for the quarter. The company had revenue of $0.97 million for the quarter. Mobix Labs had a negative net margin of 361.77% and a negative return on equity of 1,175.77%.

Analysts Set New Price Targets

Several research firms have recently commented on MOBX. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a research report on Tuesday, April 21st. Wall Street Zen upgraded Mobix Labs to a “sell” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Mobix Labs

A number of hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd boosted its stake in 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 buying an additional 12,443 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its stake in Mobix Labs by 4.1% in 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 last quarter. Geode Capital Management LLC boosted its stake in Mobix Labs by 17.3% in the 4th quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock worth $114,000 after buying an additional 62,715 shares during the last quarter. Virtu Financial LLC boosted its stake in Mobix Labs by 247.8% in the 4th quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock worth $25,000 after buying an additional 66,982 shares during the last quarter. Finally, Mariner LLC boosted its stake in Mobix Labs by 103.5% in the 4th quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after buying an additional 68,879 shares during the last quarter. 8.56% of the stock is owned by institutional investors and hedge funds.

Mobix Labs Company Profile

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.