Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Up 894.8% in February

Mobix Labs, Inc. (NASDAQ:MOBX) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 5,483,051 shares, a growth of 894.8% from the January 29th total of 551,177 shares. Based on an average daily trading volume, of 48,139,806 shares, the days-to-cover ratio is currently 0.1 days. Approximately 7.8% of the company’s shares are sold short. Approximately 7.8% of the company’s shares are sold short. Based on an average daily trading volume, of 48,139,806 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Mobix Labs

In related news, CFO Keyvan Samini sold 211,672 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $0.32, for a total value of $67,735.04. Following the completion of the transaction, the chief financial officer owned 2,671,661 shares of the company’s stock, valued at $854,931.52. The trade was a 7.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 32.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mobix Labs

A number of institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its holdings in shares of Mobix Labs by 247.8% during the 4th quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock worth $25,000 after acquiring an additional 66,982 shares during the period. Toronto Dominion Bank acquired a new stake in Mobix Labs during the fourth quarter worth about $27,000. 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 purchasing an additional 12,443 shares during the period. Mariner LLC boosted its holdings in Mobix Labs by 103.5% in the 4th quarter. Mariner LLC now owns 135,453 shares of the company’s stock valued at $36,000 after purchasing an additional 68,879 shares during the last quarter. Finally, Beacon Pointe Advisors LLC grew 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 buying an additional 87,738 shares during the period. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Mobix Labs Price Performance

MOBX stock traded up $0.02 during trading on Wednesday, hitting $0.17. The stock had a trading volume of 1,952,573 shares, compared to its average volume of 25,935,500. Mobix Labs has a twelve month low of $0.13 and a twelve month high of $1.44. The company’s 50-day moving average price is $0.24 and its two-hundred day moving average price is $0.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.11 and a quick ratio of 0.07. The stock has a market capitalization of $17.52 million, a P/E ratio of -0.25 and a beta of -0.09.

Mobix Labs (NASDAQ:MOBX) last announced its earnings results on Thursday, February 12th. The company reported ($0.16) EPS for the quarter. The firm had revenue of $1.88 million for the quarter. Mobix Labs had a negative net margin of 289.21% and a negative return on equity of 2,857.36%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobix Labs in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Mobix Labs

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.