Mobileiron Inc (NASDAQ:MOBL) Short Interest Down 34.9% in November

Mobileiron Inc (NASDAQ:MOBL) saw a large decrease in short interest in November. As of November 29th, there was short interest totalling 2,130,000 shares, a decrease of 34.9% from the November 14th total of 3,270,000 shares. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is currently 2.0 days. Approximately 2.2% of the company’s shares are short sold.

MOBL stock traded down $0.03 during trading on Wednesday, hitting $4.51. 916,600 shares of the company traded hands, compared to its average volume of 916,378. The company has a 50-day moving average of $5.04 and a 200-day moving average of $6.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.34 and a current ratio of 1.34. Mobileiron has a 1 year low of $4.11 and a 1 year high of $7.79. The firm has a market capitalization of $498.48 million, a PE ratio of -10.74 and a beta of 1.53.

Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). The company had revenue of $52.20 million during the quarter, compared to analysts’ expectations of $52.65 million. Mobileiron had a negative return on equity of 100.03% and a negative net margin of 23.43%. Mobileiron’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. Sell-side analysts expect that Mobileiron will post -0.37 EPS for the current year.

Several equities analysts recently commented on MOBL shares. Zacks Investment Research raised shares of Mobileiron from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine cut shares of Mobileiron from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Northland Securities reissued a “buy” rating on shares of Mobileiron in a research note on Friday, November 1st. Finally, BidaskClub lowered shares of Mobileiron from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.81.

Several institutional investors have recently modified their holdings of the company. First Trust Advisors LP acquired a new stake in Mobileiron in the 1st quarter valued at about $2,102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Mobileiron by 519.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,091 shares of the software maker’s stock valued at $50,000 after buying an additional 6,785 shares during the period. Aperio Group LLC acquired a new stake in shares of Mobileiron in the second quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Mobileiron in the second quarter valued at approximately $820,000. Finally, Swiss National Bank lifted its position in shares of Mobileiron by 12.7% in the second quarter. Swiss National Bank now owns 119,200 shares of the software maker’s stock valued at $739,000 after buying an additional 13,400 shares during the last quarter. Hedge funds and other institutional investors own 64.89% of the company’s stock.

Mobileiron Company Profile

MobileIron, Inc, together with its subsidiaries, provides mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

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