Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Update

Mobix Labs, Inc. (NASDAQ:MOBX) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 146,600 shares, a drop of 74.5% from the November 30th total of 573,800 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 822,800 shares, the days-to-cover ratio is presently 0.2 days.

Mobix Labs Stock Down 8.1 %

Shares of Mobix Labs stock opened at $1.81 on Friday. The firm has a market cap of $55.37 million, a PE ratio of -2.35 and a beta of -0.24. Mobix Labs has a 52 week low of $0.55 and a 52 week high of $6.57. The business’s fifty day simple moving average is $1.03 and its 200-day simple moving average is $1.17.

Mobix Labs (NASDAQ:MOBX) last released its quarterly earnings data on Thursday, December 19th. The company reported ($0.35) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Mobix Labs

An institutional investor recently raised its position in Mobix Labs stock. Geode Capital Management LLC lifted its stake in Mobix Labs, Inc. (NASDAQ:MOBX) by 29.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,578 shares of the company’s stock after buying 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. 8.56% of the stock is owned by institutional investors and hedge funds.

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.