Mobile Infrastructure Corporation (NASDAQ:BEEP) Short Interest Update

Key Points

• Mobile Infrastructure Corporation's short interest decreased by 40.3% in September, dropping from 277,200 shares to 165,500 shares.
• The stock has a consensus rating of "Moderate Buy" from analysts, with a target price of $5.88, despite a recent reaffirmation of a "sell" rating by Weiss Ratings.
• Institutional investors hold 84.3% of the company's stock, with significant stake increases from firms such as CWM LLC and Goldman Sachs Group Inc.

Mobile Infrastructure Corporation (NASDAQ:BEEP - Get Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 165,500 shares, a decline of 40.3% from the September 15th total of 277,200 shares. Based on an average daily volume of 53,200 shares, the short-interest ratio is presently 3.1 days. Currently, 0.4% of the company's shares are sold short. Currently, 0.4% of the company's shares are sold short. Based on an average daily volume of 53,200 shares, the short-interest ratio is presently 3.1 days.

Analyst Ratings Changes

BEEP has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Mobile Infrastructure in a research note on Wednesday, October 8th. Barrington Research reaffirmed an "outperform" rating and set a $6.50 target price on shares of Mobile Infrastructure in a research note on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $5.88.

Institutional Investors Weigh In On Mobile Infrastructure

Large investors have recently added to or reduced their stakes in the business. CWM LLC increased its stake in Mobile Infrastructure by 40.5% during the 1st quarter. CWM LLC now owns 60,998 shares of the company's stock worth $254,000 after buying an additional 17,569 shares during the period. Goldman Sachs Group Inc. increased its stake in Mobile Infrastructure by 104.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company's stock worth $170,000 after buying an additional 20,741 shares during the period. North Star Investment Management Corp. purchased a new stake in Mobile Infrastructure during the 2nd quarter worth approximately $240,000. MAI Capital Management increased its stake in Mobile Infrastructure by 99.3% during the 1st quarter. MAI Capital Management now owns 6,253 shares of the company's stock worth $26,000 after buying an additional 3,116 shares during the period. Finally, Connective Capital Management LLC purchased a new stake in Mobile Infrastructure during the 1st quarter worth approximately $223,000. 84.30% of the stock is owned by hedge funds and other institutional investors.

Mobile Infrastructure Price Performance

Mobile Infrastructure stock opened at $3.38 on Tuesday. The company's 50 day simple moving average is $3.57 and its 200-day simple moving average is $3.85. The company has a market capitalization of $144.33 million, a price-to-earnings ratio of -11.27 and a beta of 0.53. Mobile Infrastructure has a 1 year low of $2.75 and a 1 year high of $4.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.10 and a current ratio of 0.10.

Mobile Infrastructure (NASDAQ:BEEP - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.01). The company had revenue of $8.99 million during the quarter, compared to analysts' expectations of $9.39 million. Mobile Infrastructure had a negative net margin of 28.91% and a negative return on equity of 5.58%. Mobile Infrastructure has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Mobile Infrastructure will post -0.3 earnings per share for the current year.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.