MDB Capital Holdings, LLC (NASDAQ:MDBH) Sees Significant Decrease in Short Interest

MDB Capital Holdings, LLC (NASDAQ:MDBHGet Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 848 shares, a drop of 73.2% from the July 15th total of 3,170 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,392 shares, the short-interest ratio is presently 0.6 days.

MDB Capital Stock Down 2.3%

MDBH stock traded down $0.07 during midday trading on Thursday, reaching $2.96. 199 shares of the company’s stock traded hands, compared to its average volume of 5,351. The company has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $3.26. MDB Capital has a 1-year low of $2.45 and a 1-year high of $4.80. The company has a market cap of $30.49 million, a price-to-earnings ratio of -1.40 and a beta of 1.21.

MDB Capital (NASDAQ:MDBHGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.65) EPS for the quarter.

Institutional Trading of MDB Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in MDBH. Citadel Advisors LLC acquired a new position in MDB Capital during the 3rd quarter worth about $43,000. DRW Securities LLC acquired a new stake in MDB Capital in the 4th quarter valued at about $40,000. Finally, Raymond James Financial Inc. acquired a new stake in MDB Capital in the 2nd quarter valued at about $27,000. 0.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of MDB Capital in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, MDB Capital has an average rating of “Sell”.

View Our Latest Research Report on MDB Capital

About MDB Capital

(Get Free Report)

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence. The Technology Development segment engages in the synthetic biology technology development business.

Further Reading

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