Mobix Labs, Inc. (NASDAQ:MOBX) Sees Large Increase in Short Interest

Mobix Labs, Inc. (NASDAQ:MOBX) was the recipient of a large increase in short interest during 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. Currently, 2.6% of the company’s shares are sold short. Based on an average trading volume of 382,900 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Mobix Labs

Large investors have recently modified their holdings of the company. Vanguard Capital Wealth Advisors acquired a new position in Mobix Labs in the first quarter valued at $255,000. Wedbush Securities Inc. purchased a new stake in Mobix Labs in the second quarter valued at approximately $62,000. Finally, Connective Capital Management LLC purchased a new stake in Mobix Labs in the first quarter valued at approximately $45,000. 8.56% of the stock is owned by hedge funds and other institutional investors.

Mobix Labs Trading Up 2.1 %

NASDAQ MOBX traded up $0.02 during trading hours on Thursday, reaching $0.93. The company had a trading volume of 144,838 shares, compared to its average volume of 237,850. The stock has a 50-day moving average of $1.19 and a 200 day moving average of $1.84. Mobix Labs has a 1-year low of $0.85 and a 1-year high of $12.50.

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

About Mobix Labs

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.