Mobix Labs, Inc. (NASDAQ:MOBX) Sees Large Decrease in Short Interest

Mobix Labs, Inc. (NASDAQ:MOBX) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 114,900 shares, a drop of 21.6% from the December 15th total of 146,600 shares. Based on an average daily trading volume, of 927,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.5% of the company’s shares are short sold.

Mobix Labs Trading Up 2.4 %

Shares of MOBX stock traded up $0.03 during trading hours on Friday, reaching $1.26. The company’s stock had a trading volume of 284,506 shares, compared to its average volume of 500,091. The company has a current ratio of 0.20, a quick ratio of 0.14 and a debt-to-equity ratio of 0.23. Mobix Labs has a one year low of $0.55 and a one year high of $3.62. The stock has a market capitalization of $38.54 million, a P/E ratio of -1.64 and a beta of -0.28. The firm’s fifty day simple moving average is $1.25 and its 200 day simple moving average is $1.13.

Mobix Labs (NASDAQ:MOBX) last released its quarterly earnings results on Thursday, December 19th. The company reported ($0.35) earnings per share for the quarter. Mobix Labs had a negative net margin of 310.99% and a negative return on equity of 214.76%.

Hedge Funds Weigh In On Mobix Labs

An institutional investor recently raised its position in Mobix Labs stock. Geode Capital Management LLC raised its position in shares of Mobix Labs, Inc. (NASDAQ:MOBX) by 29.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 201,578 shares of the company’s stock after acquiring an additional 46,237 shares during the quarter. Geode Capital Management LLC owned approximately 0.66% of Mobix Labs worth $214,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Mobix Labs Company Profile

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.