Mobilicom Limited Sponsored ADR (NASDAQ:MOB) Short Interest Update

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 774,727 shares, an increase of 24.4% from the January 29th total of 622,928 shares. Currently, 7.4% of the shares of the stock are short sold. Based on an average daily volume of 409,474 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 409,474 shares, the days-to-cover ratio is currently 1.9 days. Currently, 7.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Mobilicom

Several large investors have recently made changes to their positions in the business. Corsair Capital Management L.P. purchased a new stake in shares of Mobilicom during the second quarter worth about $50,000. Bank of America Corp DE bought a new position in Mobilicom in the 3rd quarter worth approximately $78,000. JPMorgan Chase & Co. bought a new position in Mobilicom in the 3rd quarter worth approximately $91,000. Two Sigma Investments LP purchased a new position in Mobilicom during the third quarter valued at $118,000. Finally, Scientech Research LLC bought a new position in shares of Mobilicom during the 3rd quarter valued at about $138,000. 13.56% of the stock is currently owned by hedge funds and other institutional investors.

Mobilicom Trading Up 8.5%

Shares of MOB stock traded up $0.49 on Wednesday, hitting $6.28. 229,282 shares of the stock traded hands, compared to its average volume of 289,804. The company has a quick ratio of 6.15, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. Mobilicom has a 52 week low of $1.31 and a 52 week high of $11.02. The firm has a 50 day simple moving average of $6.66 and a two-hundred day simple moving average of $542.83.

Mobilicom Company Profile

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.