Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Update

Mobix Labs, Inc. (NASDAQ:MOBX) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 996,450 shares, a drop of 37.9% from the December 15th total of 1,605,534 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily volume of 1,478,866 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 1,478,866 shares, the short-interest ratio is presently 0.7 days. Currently, 2.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Mobix Labs has an average rating of “Sell”.

Mobix Labs Price Performance

Mobix Labs stock traded up $0.01 during trading hours on Friday, reaching $0.24. 4,536,658 shares of the stock were exchanged, compared to its average volume of 18,742,522. The company has a current ratio of 0.14, a quick ratio of 0.09 and a debt-to-equity ratio of 3.25. Mobix Labs has a twelve month low of $0.17 and a twelve month high of $1.67. The company has a market cap of $14.36 million, a P/E ratio of -0.23 and a beta of -0.08. The stock has a 50 day moving average of $0.42 and a two-hundred day moving average of $0.73.

Mobix Labs (NASDAQ:MOBX) last issued its earnings results on Monday, January 12th. The company reported ($0.29) EPS for the quarter. The firm had revenue of $5.86 million during the quarter. Mobix Labs had a negative net margin of 381.82% and a negative return on equity of 5,149.05%.

Insiders Place Their Bets

In related news, CFO Keyvan Samini sold 211,672 shares of Mobix Labs stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $0.32, for a total transaction of $67,735.04. Following the completion of the sale, the chief financial officer directly owned 2,671,661 shares of the company’s stock, valued at approximately $854,931.52. This trade represents a 7.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 32.03% of the company’s stock.

Institutional Investors Weigh In On Mobix Labs

A number of large investors have recently modified their holdings of MOBX. Vanguard Capital Wealth Advisors raised its holdings in shares of Mobix Labs by 20.6% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 950,981 shares of the company’s stock worth $728,000 after buying an additional 162,361 shares in the last quarter. Armistice Capital LLC raised its stake in Mobix Labs by 7.5% during the third quarter. Armistice Capital LLC now owns 4,596,804 shares of the company’s stock worth $3,705,000 after acquiring an additional 320,804 shares in the last quarter. XTX Topco Ltd raised its stake in Mobix Labs by 47.4% during the second quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock worth $30,000 after acquiring an additional 12,443 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Mobix Labs by 64.3% in the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock worth $1,467,000 after acquiring an additional 642,857 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its stake in shares of Mobix Labs by 432.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock valued at $83,000 after purchasing an additional 87,738 shares in the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

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.