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

Mobix Labs, Inc. (NASDAQ:MOBX) saw a significant decline in short interest in April. As of April 15th, there was short interest totaling 1,381,143 shares, a decline of 85.8% from the March 31st total of 9,703,339 shares. Currently, 16.1% of the shares of the company are sold short. Based on an average daily volume of 1,720,207 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MOBX. Armistice Capital LLC bought a new position in shares of Mobix Labs in the second quarter worth $3,272,000. Focus Partners Wealth increased 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 purchasing an additional 642,857 shares during the period. Vanguard Capital Wealth Advisors increased its holdings in shares of Mobix Labs by 39.7% in the third quarter. Vanguard Capital Wealth Advisors now owns 1,328,716 shares of the company’s stock worth $1,071,000 after purchasing an additional 377,735 shares during the period. Toronto Dominion Bank bought a new position in shares of Mobix Labs in the fourth quarter worth $27,000. Finally, Mariner LLC increased its holdings in shares of Mobix Labs by 103.5% in the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after purchasing an additional 68,879 shares during the period. Institutional investors own 8.56% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Mobix Labs to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Mobix Labs in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Mobix Labs Stock Performance

Shares of Mobix Labs stock traded up $0.18 during trading on Friday, hitting $2.92. The stock had a trading volume of 355,946 shares, compared to its average volume of 1,192,738. Mobix Labs has a 12 month low of $1.31 and a 12 month high of $14.40. The business’s 50-day moving average is $3.98 and its 200 day moving average is $4.53. The company has a current ratio of 0.11, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41.

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.