Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Down 21.6% in December

Posted by Adam Masters on Jan 15th, 2025

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

Mobix Labs Stock Up 0.9 %

Shares of NASDAQ MOBX traded up $0.01 during trading on Wednesday, reaching $1.13. The company had a trading volume of 243,048 shares, compared to its average volume of 519,180. The stock has a market cap of $34.57 million, a P/E ratio of -1.47 and a beta of -0.28. The company’s fifty day moving average price is $1.23 and its 200-day moving average price is $1.13. Mobix Labs has a 12 month low of $0.55 and a 12 month high of $3.62.

Mobix Labs (NASDAQ:MOBX – Get Free Report) last announced its earnings results on Thursday, December 19th. The company reported ($0.35) EPS for the quarter.

Institutional Investors Weigh In On Mobix Labs

An institutional investor recently raised its position in Mobix Labs stock. Geode Capital Management LLC raised its position in shares of Mobix Labs, Inc. (NASDAQ:MOBX – Free Report) by 29.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 201,578 shares of the company’s stock after acquiring an additional 46,237 shares during the quarter. Geode Capital Management LLC owned about 0.66% of Mobix Labs worth $214,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.56% of the company’s stock.

About Mobix Labs

(Get Free Report)

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.