Mobix Labs, Inc. (NASDAQ:MOBX) Sees Large Drop in Short Interest

Mobix Labs, Inc. (NASDAQ:MOBX) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 114,900 shares, a drop of 21.6% from the December 15th total of 146,600 shares. Based on an average daily volume of 927,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Mobix Labs

A hedge fund recently raised its stake in Mobix Labs stock. Geode Capital Management LLC grew its stake in shares of Mobix Labs, Inc. (NASDAQ:MOBX) by 29.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,578 shares of the company’s stock after purchasing an additional 46,237 shares during the quarter. Geode Capital Management LLC owned about 0.66% of Mobix Labs worth $214,000 at the end of the most recent quarter. 8.56% of the stock is currently owned by institutional investors and hedge funds.

Mobix Labs Stock Performance

MOBX traded up $0.03 during trading on Friday, reaching $1.26. 284,506 shares of the company’s stock were exchanged, compared to its average volume of 500,091. The company has a quick ratio of 0.14, a current ratio of 0.20 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $38.54 million, a P/E ratio of -1.64 and a beta of -0.28. Mobix Labs has a fifty-two week low of $0.55 and a fifty-two week high of $3.62. The business has a 50 day moving average price of $1.25 and a 200 day moving average price of $1.13.

Mobix Labs (NASDAQ:MOBX) last posted its quarterly earnings data on Thursday, December 19th. The company reported ($0.35) earnings per share for the quarter. Mobix Labs had a negative return on equity of 214.76% and a negative net margin of 310.99%.

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.