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

Mobix Labs, Inc. (NASDAQ:MOBX) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 551,177 shares, a decline of 48.8% from the January 15th total of 1,075,734 shares. Based on an average daily trading volume, of 4,443,514 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.2% of the company’s shares are short sold. Currently, 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 4,443,514 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mobix Labs in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Mobix Labs Stock Down 0.1%

MOBX traded down $0.00 during trading on Friday, reaching $0.19. The company had a trading volume of 3,514,820 shares, compared to its average volume of 26,413,372. The company has a market cap of $12.87 million, a P/E ratio of -0.29 and a beta of -0.09. Mobix Labs has a 12 month low of $0.17 and a 12 month high of $1.44. The company has a debt-to-equity ratio of 3.25, a current ratio of 0.24 and a quick ratio of 0.19. The business’s fifty day moving average price is $0.30 and its 200 day moving average price is $0.63.

Mobix Labs (NASDAQ:MOBX) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.16) earnings per share (EPS) for the quarter. The company had revenue of $1.88 million for the quarter. Mobix Labs had a negative return on equity of 25,348.26% and a negative net margin of 289.21%.

Insider Buying and Selling at Mobix Labs

In other Mobix Labs news, CFO Keyvan Samini sold 211,672 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $0.32, for a total value of $67,735.04. Following the transaction, the chief financial officer directly owned 2,671,661 shares of the company’s stock, valued at approximately $854,931.52. This trade represents a 7.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mobix Labs

A number of large investors have recently bought and sold shares of the company. Focus Partners Wealth raised 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 valued at $1,467,000 after purchasing an additional 642,857 shares during the last quarter. XTX Topco Ltd grew its position in Mobix Labs by 47.4% in the second quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock valued at $30,000 after purchasing an additional 12,443 shares in the last quarter. Beacon Pointe Advisors LLC increased its stake in Mobix Labs by 432.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock valued at $83,000 after buying an additional 87,738 shares during the last quarter. Armistice Capital LLC bought a new stake in Mobix Labs during the 2nd quarter worth about $3,272,000. Finally, Vanguard Capital Wealth Advisors lifted its position in Mobix Labs by 39.7% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 1,328,716 shares of the company’s stock worth $1,071,000 after buying an additional 377,735 shares in the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

Mobix Labs Company Profile

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.