Mobility Global, Inc. (NYSE:MBGL) Short Interest Up 12,037.5% in July

Mobility Global, Inc. (NYSE:MBGL) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,538,355 shares, a growth of 12,037.5% from the June 30th total of 45,630 shares. Based on an average daily volume of 23,296,695 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.9% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Royal Bank Of Canada initiated coverage on Mobility Global in a report on Thursday, July 2nd. They issued a “sector perform” rating and a $23.00 price target for the company. Robert W. Baird started coverage on shares of Mobility Global in a research note on Thursday, July 2nd. They set a “neutral” rating and a $23.00 price target on the stock. Wells Fargo & Company began coverage on shares of Mobility Global in a report on Wednesday, July 8th. They issued an “overweight” rating and a $27.00 price target on the stock. Wolfe Research raised shares of Mobility Global to a “strong-buy” rating in a research note on Monday. Finally, UBS Group set a $23.00 price objective on Mobility Global in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.00.

Mobility Global Trading Down 0.9%

Shares of MBGL traded down $0.20 during mid-day trading on Friday, reaching $20.50. 4,174,814 shares of the stock traded hands, compared to its average volume of 14,115,690. Mobility Global has a 12-month low of $17.67 and a 12-month high of $26.00.