Mobia Medical, Inc. (NASDAQ:MOBI – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,083,787 shares, a growth of 130.7% from the September 15th total of 469,701 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average trading volume of 381,101 shares, the days-to-cover ratio is presently 2.8 days.
Mobia Medical Stock Down 1.6%
Shares of Mobia Medical stock traded down $0.14 on Wednesday, hitting $8.36. The stock had a trading volume of 119,192 shares, compared to its average volume of 176,636. The firm has a market capitalization of $278.30 million and a PE ratio of -0.41. The company has a current ratio of 13.28, a quick ratio of 12.80 and a debt-to-equity ratio of 0.04. Mobia Medical has a twelve month low of $8.15 and a twelve month high of $15.29. The company has a 50 day moving average price of $10.45.
Mobia Medical (NASDAQ:MOBI – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.10) earnings per share for the quarter, missing the consensus estimate of ($0.83) by ($0.27). The company had revenue of $13.51 million during the quarter. The business’s revenue for the quarter was up 102.4% compared to the same quarter last year. As a group, equities analysts predict that Mobia Medical will post -2.63 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on MOBI
Insiders Place Their Bets
In other Mobia Medical news, Director Casey Tansey purchased 16,441 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was acquired at an average price of $12.07 per share, with a total value of $198,442.87. Following the acquisition, the director directly owned 318,332 shares of the company’s stock, valued at $3,842,267.24. This trade represents a 5.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders acquired 87,000 shares of company stock valued at $1,016,367.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in MOBI. State Street Corp acquired a new stake in shares of Mobia Medical during the second quarter worth $735,000. Citadel Advisors LLC acquired a new position in shares of Mobia Medical in the second quarter valued at about $670,000. Finally, Readystate Asset Management LP acquired a new position in shares of Mobia Medical in the second quarter valued at about $134,000.
About Mobia Medical
Mobia Medical Inc is a commercial-stage medical device company redefining stroke recovery for survivors living with life-altering motor impairments. Mobia Medical Inc is based in AUSTIN, Texas.
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