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

Mobix Labs, Inc. (NASDAQ:MOBX) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 14,503,159 shares, an increase of 271.8% from the February 26th total of 3,900,417 shares. Currently, 16.9% of the company’s stock are short sold. Based on an average trading volume of 272,344,631 shares, the short-interest ratio is currently 0.1 days.

Mobix Labs Stock Performance

MOBX opened at $0.38 on Friday. The stock’s 50 day simple moving average is $0.36 and its 200-day simple moving average is $0.54. The company has a current ratio of 0.11, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41. The stock has a market cap of $39.49 million, a PE ratio of -0.56 and a beta of -0.07. Mobix Labs has a 1 year low of $0.13 and a 1 year high of $1.44.

Mobix Labs (NASDAQ:MOBX) last issued its earnings results on Thursday, February 12th. The company reported ($0.16) EPS for the quarter. Mobix Labs had a negative return on equity of 2,857.36% and a negative net margin of 289.21%.The firm had revenue of $1.88 million during the quarter.

Insider Activity at Mobix Labs

In related news, CFO Keyvan Samini sold 211,672 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 16.73% of the company’s stock.

Hedge Funds Weigh In On Mobix Labs

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Focus Partners Wealth boosted its position in shares of Mobix Labs by 64.3% during the 1st quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after acquiring an additional 642,857 shares in the last quarter. XTX Topco Ltd raised 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 worth $30,000 after purchasing an additional 12,443 shares in the last quarter. Beacon Pointe Advisors LLC lifted its stake in Mobix Labs by 432.7% during the second 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 period. Armistice Capital LLC bought a new position in Mobix Labs during the second quarter worth about $3,272,000. Finally, Vanguard Capital Wealth Advisors boosted its holdings in Mobix Labs by 39.7% during the third quarter. Vanguard Capital Wealth Advisors now owns 1,328,716 shares of the company’s stock valued at $1,071,000 after purchasing an additional 377,735 shares in the last quarter. 8.56% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Mobix Labs to a “sell” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Mobix Labs

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.