Mobilicom Limited Sponsored ADR (NASDAQ:MOB) Short Interest Up 19.4% in December

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 511,833 shares, an increase of 19.4% from the December 15th total of 428,613 shares. Based on an average daily volume of 159,128 shares, the short-interest ratio is currently 3.2 days. Currently, 4.9% of the shares of the stock are sold short. Currently, 4.9% of the shares of the stock are sold short. Based on an average daily volume of 159,128 shares, the short-interest ratio is currently 3.2 days.

Mobilicom Trading Up 3.7%

Shares of MOB traded up $0.26 during mid-day trading on Monday, reaching $7.28. The company’s stock had a trading volume of 208,101 shares, compared to its average volume of 198,502. The business has a fifty day moving average of $6.81 and a 200 day moving average of $754.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 6.15. Mobilicom has a 1 year low of $1.31 and a 1 year high of $11.02.

Analysts Set New Price Targets

Several research firms have issued reports on MOB. Weiss Ratings restated a “sell (d-)” rating on shares of Mobilicom in a research report on Wednesday, October 8th. ThinkEquity reaffirmed a “buy” rating on shares of Mobilicom in a research report on Monday, October 20th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mobilicom presently has an average rating of “Hold” and an average price target of $2,750.00.

Hedge Funds Weigh In On Mobilicom

Institutional investors and hedge funds have recently bought and sold shares of the business. Corsair Capital Management L.P. purchased a new stake in shares of Mobilicom in the second quarter worth approximately $50,000. Bank of America Corp DE acquired a new position in Mobilicom in the 3rd quarter valued at approximately $78,000. JPMorgan Chase & Co. purchased a new stake in Mobilicom in the 3rd quarter worth approximately $91,000. Two Sigma Investments LP purchased a new stake in Mobilicom in the 3rd quarter worth approximately $118,000. Finally, Scientech Research LLC acquired a new stake in shares of Mobilicom during the 3rd quarter valued at $138,000. Hedge funds and other institutional investors own 13.56% of the company’s stock.

About Mobilicom

Mobilicom Ltd. (NASDAQ: MOB) is an Israel-based technology company specializing in secure communications, cybersecurity and edge computing solutions for unmanned systems, ground vehicles and critical assets. The company’s core platform integrates advanced encryption, artificial intelligence and resilient networking capabilities to protect data and command-and-control links in contested or degraded environments.

The company’s flagship offerings include AerialGuard, a turnkey cyber-hardened communications suite for unmanned aerial vehicles (UAVs); VehicularGuard, designed to secure vehicle-to-everything (V2X) communications in ground systems; and MissionCore, a software-defined command-and-control framework that delivers real-time situational awareness and autonomous decision support.