Mobico Group PLC (OTCMKTS:NXPGF) Sees Significant Increase in Short Interest

Key Points

• Short interest in Mobico Group PLC increased by 32.7% in August, reaching a total of 2,936,800 shares as of August 31st, indicating heightened bearish sentiment among investors.
• The company's short-interest ratio is currently at 4,894.7 days based on an average trading volume of 600 shares, suggesting it may take a long time for short sellers to cover their positions.
• Mobico Group's stock price has remained flat at $0.48 with a 12-month low of $0.38 and a high of $0.59, reflecting limited volatility in its trading performance.

Mobico Group PLC (OTCMKTS:NXPGF - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 2,936,800 shares, an increase of 32.7% from the August 15th total of 2,213,800 shares. Approximately 0.5% of the company's shares are short sold. Based on an average trading volume of 600 shares, the short-interest ratio is presently 4,894.7 days. Based on an average trading volume of 600 shares, the short-interest ratio is presently 4,894.7 days. Approximately 0.5% of the company's shares are short sold.

Mobico Group Price Performance

Shares of Mobico Group stock remained flat at $0.41 during trading on Friday. The stock has a 50-day moving average price of $0.42 and a 200-day moving average price of $0.48. Mobico Group has a 12 month low of $0.41 and a 12 month high of $0.48.

About Mobico Group

Mobico Group Plc engages in providing public transport services in the United Kingdom, Germany, Spain, Morocco, Switzerland, the United States, Canada, France, and Portugal. The company operates through UK, German Rail, ALSA, and North America segments. It owns and leases vehicles. The company also provides student transportation, urban bus, regional/long haul coach, rail, and charter and other services; transit and scheduled coach services; and private hire and commuter coach travel services.