Short Interest in Mobilicom Limited (NASDAQ:MOB) Drops By 22.6%

Mobilicom Limited (NASDAQ:MOB) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 752,800 shares, a drop of 22.6% from the December 15th total of 972,400 shares. Based on an average trading volume of 489,600 shares, the days-to-cover ratio is currently 1.5 days.

Mobilicom Stock Up 1.2 %

NASDAQ:MOB traded up $0.04 during mid-day trading on Friday, hitting $3.34. 130,083 shares of the stock traded hands, compared to its average volume of 476,044. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.62 and a current ratio of 3.88. Mobilicom has a 52 week low of $0.71 and a 52 week high of $5.00. The firm’s 50 day moving average is $2.77 and its two-hundred day moving average is $1.68.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mobilicom stock. Garden State Investment Advisory Services LLC acquired a new stake in shares of Mobilicom Limited (NASDAQ:MOB) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 137,000 shares of the company’s stock, valued at approximately $149,000. Garden State Investment Advisory Services LLC owned approximately 2.16% of Mobilicom as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 13.56% of the company’s stock.

Mobilicom Company Profile

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions, such as cloud management software, communication datalink and mobile mesh networking terminals, handheld control terminals, and professional services and support for drone, robotics, and autonomous system manufacturers, as well as hardware products and software solutions.