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

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 511,833 shares, a growth of 19.4% from the December 15th total of 428,613 shares. Approximately 4.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 159,128 shares, the days-to-cover ratio is presently 3.2 days. Based on an average daily trading volume, of 159,128 shares, the days-to-cover ratio is presently 3.2 days. Approximately 4.9% of the shares of the stock are sold short.

Mobilicom Trading Up 8.5%

Shares of NASDAQ:MOB opened at $7.90 on Wednesday. Mobilicom has a one year low of $1.31 and a one year high of $11.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 6.15. The firm has a 50 day simple moving average of $6.84 and a 200 day simple moving average of $748.61.

Analyst Ratings Changes

MOB has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mobilicom in a research report on Wednesday, October 8th. ThinkEquity reiterated a “buy” rating on shares of Mobilicom in a research note on Monday, October 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mobilicom currently has a consensus rating of “Hold” and an average target price of $2,750.00.

Institutional Investors Weigh In On Mobilicom

A number of hedge funds and other institutional investors have recently bought and sold shares of MOB. Wexford Capital LP bought a new position in Mobilicom in the third quarter valued at about $1,643,000. Raymond James Financial Inc. bought a new position in Mobilicom in the 3rd quarter valued at approximately $847,000. Regal Partners Ltd bought a new position in Mobilicom in the 3rd quarter valued at approximately $717,000. Jane Street Group LLC acquired a new stake in Mobilicom during the 2nd quarter worth approximately $184,000. Finally, Apis Capital Advisors LLC bought a new stake in Mobilicom during the 3rd quarter worth approximately $558,000. 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.