Short Interest in Mobix Labs, Inc. (NASDAQ:MOBX) Rises By 191.2%

Mobix Labs, Inc. (NASDAQ:MOBX) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,064,744 shares, a growth of 191.2% from the April 30th total of 1,395,656 shares. Based on an average daily volume of 15,803,053 shares, the short-interest ratio is currently 0.3 days. Approximately 47.4% of the company’s shares are short sold.

Wall Street Analyst Weigh In

MOBX has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Mobix Labs in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Mobix Labs to a “sell” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Mobix Labs

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Capital Wealth Advisors grew its holdings in shares of Mobix Labs by 4.1% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock valued at $370,000 after buying an additional 54,700 shares during the period. Toronto Dominion Bank acquired a new position in shares of Mobix Labs in the 4th quarter valued at $27,000. XTX Topco Ltd grew its holdings in shares of Mobix Labs by 47.4% in the 2nd quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock valued at $30,000 after buying an additional 12,443 shares during the period. Focus Partners Wealth grew its holdings in shares of Mobix Labs by 64.3% in the 1st quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after buying an additional 642,857 shares during the period. Finally, Armistice Capital LLC acquired a new position in shares of Mobix Labs in the 2nd quarter valued at $3,272,000. Institutional investors and hedge funds own 8.56% of the company’s stock.

Mobix Labs Trading Down 1.1%

MOBX traded down $0.03 during trading on Friday, reaching $2.40. 672,371 shares of the company’s stock were exchanged, compared to its average volume of 9,562,748. The company’s fifty day moving average price is $2.88 and its 200-day moving average price is $3.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.17 and a current ratio of 0.23. Mobix Labs has a fifty-two week low of $1.31 and a fifty-two week high of $14.40. The firm has a market capitalization of $24.79 million, a PE ratio of -0.35 and a beta of -0.78.

Mobix Labs (NASDAQ:MOBX) last released its earnings results on Wednesday, May 20th. The company reported ($0.59) EPS for the quarter. Mobix Labs had a negative return on equity of 1,175.77% and a negative net margin of 361.77%.The business had revenue of $0.97 million for the quarter.

About Mobix Labs

Mobix Labs, Inc (NASDAQ: MOBX) is a technology company specializing in device intelligence software and services for the mobile device lifecycle. The company’s core platform enables real-time testing, authentication and diagnostic verification of smartphones and other connected devices. By combining automated testing tools with data analytics, Mobix Labs helps carriers, retailers, original equipment manufacturers (OEMs) and repair centers streamline operations and reduce return rates, fraud and waste.

Mobix Labs offers a suite of products designed to support the full spectrum of device management.