MDB Capital Holdings, LLC (NASDAQ:MDBH) Sees Large Drop in Short Interest

MDB Capital Holdings, LLC (NASDAQ:MDBH) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 2,900 shares, a drop of 29.3% from the November 30th total of 4,100 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

MDB Capital Stock Performance

Shares of MDBH stock opened at $6.89 on Friday. MDB Capital has a 52-week low of $5.78 and a 52-week high of $13.25. The stock has a market cap of $64.05 million, a price-to-earnings ratio of -2.40 and a beta of 1.12. The firm’s 50-day moving average is $6.74 and its 200-day moving average is $7.71.

Insider Buying and Selling at MDB Capital

In other MDB Capital news, CFO Jeremy William James sold 4,161 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $8.21, for a total value of $34,161.81. Following the completion of the sale, the chief financial officer now owns 15,839 shares in the company, valued at $130,038.19. This trade represents a 20.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 55.52% of the company’s stock.

About MDB Capital

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence.