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

Mobix Labs, Inc. (NASDAQ:MOBX) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 573,800 shares, an increase of 115.0% from the November 15th total of 266,900 shares. Based on an average daily trading volume, of 531,500 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Mobix Labs

A hedge fund recently raised its stake in Mobix Labs stock. Geode Capital Management LLC increased its position in shares of Mobix Labs, Inc. (NASDAQ:MOBX) by 29.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,578 shares of the company’s stock after acquiring an additional 46,237 shares during the period. Geode Capital Management LLC owned approximately 0.66% of Mobix Labs worth $214,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

Mobix Labs Stock Up 14.0 %

Shares of Mobix Labs stock traded up $0.15 during trading on Thursday, hitting $1.22. 1,414,611 shares of the stock were exchanged, compared to its average volume of 323,908. The stock’s fifty day moving average is $0.85 and its 200 day moving average is $1.19. Mobix Labs has a 12 month low of $0.55 and a 12 month high of $12.50.

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.