Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Down 38.4% in February

Mobix Labs, Inc. (NASDAQ:MOBXGet Free Report) was the recipient of a large decline in short interest during the month of February. As of February 29th, there was short interest totalling 28,500 shares, a decline of 38.4% from the February 14th total of 46,300 shares. Based on an average daily volume of 206,700 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Mobix Labs Price Performance

Shares of MOBX traded up $0.34 on Friday, reaching $2.06. 452,840 shares of the company’s stock were exchanged, compared to its average volume of 240,730. The stock’s 50 day simple moving average is $2.57. Mobix Labs has a 12 month low of $1.17 and a 12 month high of $12.50.

Mobix Labs (NASDAQ:MOBXGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 EPS for the quarter. The company had revenue of $0.29 million for the quarter.

Insider Buying and Selling

In other news, major shareholder Chavant Capital Partners Llc bought 199,737 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was bought at an average price of $10.00 per share, for a total transaction of $1,997,370.00. Following the completion of the transaction, the insider now directly owns 1,121,919 shares in the company, valued at approximately $11,219,190. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 59.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Mobix Labs

An institutional investor recently bought a new position in Mobix Labs stock. Corient Private Wealth LLC acquired a new position in shares of Mobix Labs, Inc. (NASDAQ:MOBXFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,962 shares of the company’s stock, valued at approximately $48,000. Corient Private Wealth LLC owned about 0.43% of Mobix Labs at the end of the most recent reporting period. 25.38% of the stock is currently owned by institutional investors.

About Mobix Labs

(Get Free Report)

Mobix Labs, Inc provides connectivity solutions for mmWave 5G and high-bandwidth cable networks. Its products include true xero active optical cables, helps in fiber optic connectivity; true 5G chipset, and FR4 PCB antenna series, provides solutions to automotive, small cells, repeaters, access points, industrial IoT, medical, and consumer products; and Mobix labs technology, provides next generation 5G telecommunications services.

Further Reading

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