MDB Capital Holdings, LLC (NASDAQ:MDBH) Sees Large Decline in Short Interest

MDB Capital Holdings, LLC (NASDAQ:MDBH) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,100 shares, a drop of 48.3% from the February 28th total of 6,000 shares. Based on an average daily trading volume, of 7,200 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On MDB Capital

A hedge fund recently bought a new stake in MDB Capital stock. Citadel Advisors LLC bought a new stake in MDB Capital Holdings, LLC (NASDAQ:MDBH) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,884 shares of the company’s stock, valued at approximately $94,000. Citadel Advisors LLC owned approximately 0.16% of MDB Capital as of its most recent filing with the SEC. 0.35% of the stock is owned by hedge funds and other institutional investors.

MDB Capital Price Performance

MDBH stock traded up $0.12 during mid-day trading on Friday, reaching $6.37. The company had a trading volume of 404 shares, compared to its average volume of 8,228. The company has a market capitalization of $59.22 million, a price-to-earnings ratio of -2.22 and a beta of 0.95. MDB Capital has a 52 week low of $5.78 and a 52 week high of $12.00. The stock has a 50 day simple moving average of $6.47 and a two-hundred day simple moving average of $6.74.

MDB Capital Company Profile

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.