Mobility Global, Inc. (NYSE:MBGL) Short Interest Up 12,037.5% in July

Mobility Global, Inc. (NYSE:MBGL) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 5,538,355 shares, a growth of 12,037.5% from the June 30th total of 45,630 shares. Based on an average daily volume of 23,296,695 shares, the short-interest ratio is presently 0.2 days. Approximately 1.9% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MBGL shares. UBS Group set a $23.00 target price on shares of Mobility Global in a report on Thursday, July 2nd. Royal Bank Of Canada initiated coverage on Mobility Global in a report on Thursday, July 2nd. They issued a “sector perform” rating and a $23.00 price target on the stock. Robert W. Baird assumed coverage on Mobility Global in a report on Thursday, July 2nd. They set a “neutral” rating and a $23.00 price objective for the company. Wolfe Research raised Mobility Global to a “strong-buy” rating in a report on Monday. Finally, Wall Street Zen upgraded Mobility Global to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mobility Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Mobility Global Price Performance

Shares of MBGL traded down $0.20 during mid-day trading on Friday, reaching $20.50. 4,174,814 shares of the company’s stock were exchanged, compared to its average volume of 14,115,690. Mobility Global has a 52-week low of $17.67 and a 52-week high of $26.00.