Mobility Global, Inc. (NYSE:MBGL) Short Interest Update

Mobility Global, Inc. (NYSE:MBGL) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,538,355 shares, an increase 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 company are sold short.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MBGL. Wall Street Zen raised shares of Mobility Global to a “hold” rating in a report on Saturday, July 18th. Robert W. Baird initiated coverage on Mobility Global in a report on Thursday, July 2nd. They issued a “neutral” rating and a $23.00 price target on the stock. Wolfe Research upgraded Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. Wells Fargo & Company started coverage on Mobility Global in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $27.00 target price on the stock. Finally, UBS Group set a $23.00 price target on shares of Mobility Global in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Mobility Global Stock Performance

MBGL opened at $20.50 on Friday. Mobility Global has a 12 month low of $17.67 and a 12 month high of $26.00.