Short Interest in Mobix Labs, Inc. (NASDAQ:MOBX) Decreases By 21.6%

Mobix Labs, Inc. (NASDAQ:MOBX) saw a large drop in short interest during 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. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 927,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Mobix Labs

A hedge fund recently raised its stake in Mobix Labs stock. Geode Capital Management LLC lifted its position in shares of Mobix Labs, Inc. (NASDAQ:MOBX) by 29.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,578 shares of the company’s stock after acquiring an additional 46,237 shares during the quarter. Geode Capital Management LLC owned approximately 0.66% of Mobix Labs worth $214,000 at the end of the most recent reporting period. 8.56% of the stock is currently owned by institutional investors.

Mobix Labs Price Performance

Shares of MOBX stock traded up $0.01 on Wednesday, hitting $1.13. 243,048 shares of the company’s stock were exchanged, compared to its average volume of 519,180. Mobix Labs has a 12 month low of $0.55 and a 12 month high of $3.62. The company has a 50 day moving average of $1.23 and a 200 day moving average of $1.13. The stock has a market cap of $34.57 million, a P/E ratio of -1.47 and a beta of -0.28.

Mobix Labs (NASDAQ:MOBX) last posted its quarterly earnings results on Thursday, December 19th. The company reported ($0.35) earnings per share for the quarter.

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.