Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Update

Mobix Labs, Inc. (NASDAQ:MOBX) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 526,900 shares, an increase of 3,074.1% from the August 15th total of 16,600 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average trading volume of 382,900 shares, the days-to-cover ratio is currently 1.4 days.

Mobix Labs Price Performance

Mobix Labs stock opened at $0.86 on Friday. Mobix Labs has a 1-year low of $0.80 and a 1-year high of $12.50. The company’s 50-day moving average is $1.16 and its 200 day moving average is $1.82.

Mobix Labs (NASDAQ:MOBX) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.25) earnings per share (EPS) for the quarter. The company had revenue of $2.06 million during the quarter.

Institutional Investors Weigh In On Mobix Labs

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Capital Wealth Advisors purchased a new stake in shares of Mobix Labs in the first quarter valued at approximately $255,000. Wedbush Securities Inc. bought a new position in Mobix Labs during the 2nd quarter worth about $62,000. Finally, Connective Capital Management LLC purchased a new position in Mobix Labs during the 1st quarter valued at about $45,000. Institutional investors own 8.56% of the company’s stock.

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.