Mobilicom Limited Sponsored ADR (NASDAQ:MOB) Short Interest Down 19.1% in December

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 428,613 shares, a decline of 19.1% from the November 30th total of 529,556 shares. Currently, 4.1% of the company’s stock are sold short. Based on an average daily trading volume, of 319,531 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 319,531 shares, the short-interest ratio is presently 1.3 days. Currently, 4.1% of the company’s stock are sold short.

Mobilicom Trading Up 1.8%

Shares of MOB traded up $0.11 during mid-day trading on Wednesday, reaching $6.10. The company had a trading volume of 126,774 shares, compared to its average volume of 236,297. Mobilicom has a 52-week low of $1.31 and a 52-week high of $11.02. The stock has a 50 day moving average of $6.82 and a two-hundred day moving average of $823.93. The company has a quick ratio of 6.15, a current ratio of 6.94 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

MOB has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobilicom in a research report on Wednesday, October 8th. Zacks Research raised Mobilicom to a “hold” rating in a report on Wednesday, September 3rd. Litchfield Hills Research started coverage on shares of Mobilicom in a research report on Tuesday, September 2nd. They set a “buy” rating and a $2,750.00 price target for the company. Finally, ThinkEquity reaffirmed a “buy” rating on shares of Mobilicom in a report on Monday, October 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2,750.00.

Institutional Investors Weigh In On Mobilicom

Hedge funds and other institutional investors have recently made changes to their positions in the company. Corsair Capital Management L.P. acquired a new position in shares of Mobilicom in the 2nd quarter valued at $50,000. Bank of America Corp DE purchased a new position in Mobilicom in the third quarter valued at $78,000. JPMorgan Chase & Co. purchased a new position in Mobilicom in the third quarter valued at $91,000. Two Sigma Investments LP acquired a new position in shares of Mobilicom in the third quarter worth about $118,000. Finally, Scientech Research LLC acquired a new position in shares of Mobilicom in the third quarter worth about $138,000. Institutional investors and hedge funds own 13.56% of the company’s stock.

Mobilicom Company Profile

Mobilicom Ltd. (NASDAQ: MOB) is an Israel-based technology company specializing in secure communications, cybersecurity and edge computing solutions for unmanned systems, ground vehicles and critical assets. The company’s core platform integrates advanced encryption, artificial intelligence and resilient networking capabilities to protect data and command-and-control links in contested or degraded environments.

The company’s flagship offerings include AerialGuard, a turnkey cyber-hardened communications suite for unmanned aerial vehicles (UAVs); VehicularGuard, designed to secure vehicle-to-everything (V2X) communications in ground systems; and MissionCore, a software-defined command-and-control framework that delivers real-time situational awareness and autonomous decision support.