MDB Capital Holdings, LLC (NASDAQ:MDBH) Sees Significant Drop in Short Interest

MDB Capital Holdings, LLC (NASDAQ:MDBH) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 200 shares, a drop of 94.6% from the April 30th total of 3,700 shares. Based on an average trading volume of 6,700 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On MDB Capital

An institutional investor recently bought a new position in MDB Capital stock. Pasadena Private Wealth LLC bought a new position in MDB Capital Holdings, LLC (NASDAQ:MDBH) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 50,000 shares of the company’s stock, valued at approximately $577,000. Pasadena Private Wealth LLC owned 0.12% of MDB Capital as of its most recent SEC filing. Institutional investors own 0.35% of the company’s stock.

MDB Capital Trading Down 1.8 %

MDBH traded down $0.16 on Tuesday, reaching $8.65. The company had a trading volume of 2,398 shares, compared to its average volume of 8,401. MDB Capital has a 52-week low of $7.35 and a 52-week high of $21.67. The business has a 50 day simple moving average of $9.20 and a 200 day simple moving average of $10.20.

MDB Capital (NASDAQ:MDBH) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.78) earnings per share for the quarter.

About MDB Capital

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence.