Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Down 21.6% in December

Mobix Labs, Inc. (NASDAQ:MOBX) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 114,900 shares, a drop of 21.6% from the December 15th total of 146,600 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 927,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Mobix Labs stock. Geode Capital Management LLC boosted its position in Mobix Labs, Inc. (NASDAQ:MOBX) by 29.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 201,578 shares of the company’s stock after acquiring an additional 46,237 shares during the period. Geode Capital Management LLC owned 0.66% of Mobix Labs worth $214,000 at the end of the most recent reporting period. Institutional investors own 8.56% of the company’s stock.

Mobix Labs Trading Up 2.4 %

NASDAQ MOBX traded up $0.03 during trading on Friday, hitting $1.26. 284,506 shares of the company’s stock traded hands, compared to its average volume of 500,091. The stock has a fifty day moving average of $1.25 and a two-hundred day moving average of $1.13. Mobix Labs has a 12-month low of $0.55 and a 12-month high of $3.62. The firm has a market cap of $38.54 million, a P/E ratio of -1.64 and a beta of -0.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.20 and a quick ratio of 0.14.

Mobix Labs (NASDAQ:MOBX) last issued its earnings results on Thursday, December 19th. The company reported ($0.35) earnings per share for the quarter. Mobix Labs had a negative net margin of 310.99% and a negative return on equity of 214.76%.

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.