Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Down 26.9% in September

Mobix Labs, Inc. (NASDAQ:MOBX) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 565,300 shares, a decrease of 26.9% from the August 31st total of 773,200 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 865,900 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 865,900 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.5% of the shares of the stock are short sold.

Mobix Labs Stock Down 9.3%

NASDAQ:MOBX opened at $0.92 on Thursday. The company has a current ratio of 0.14, a quick ratio of 0.09 and a debt-to-equity ratio of 3.25. Mobix Labs has a 1-year low of $0.55 and a 1-year high of $2.47. The business’s fifty day moving average price is $0.94 and its 200 day moving average price is $0.84. The firm has a market capitalization of $50.13 million, a price-to-earnings ratio of -0.83 and a beta of -0.12.

Mobix Labs (NASDAQ:MOBX) last issued its earnings results on Wednesday, August 13th. The company reported ($0.17) earnings per share for the quarter. The firm had revenue of $2.35 million during the quarter. Mobix Labs had a negative return on equity of 5,149.05% and a negative net margin of 381.82%.

Institutional Trading of Mobix Labs

Several hedge funds have recently added to or reduced their stakes in MOBX. Armistice Capital LLC bought a new stake in shares of Mobix Labs in the 2nd quarter worth approximately $3,272,000. Focus Partners Wealth increased its stake in shares of Mobix Labs by 64.3% in the 1st quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after buying an additional 642,857 shares during the period. Vanguard Capital Wealth Advisors boosted its position in shares of Mobix Labs by 20.6% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 950,981 shares of the company’s stock worth $728,000 after purchasing an additional 162,361 shares during the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of Mobix Labs by 432.7% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock worth $83,000 after purchasing an additional 87,738 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Mobix Labs during the fourth quarter worth about $104,000. Institutional investors own 8.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on MOBX shares. Weiss Ratings restated a “sell (e+)” rating on shares of Mobix Labs in a report on Wednesday. Wall Street Zen lowered Mobix Labs to a “strong sell” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.