Short Interest in Mobix Labs, Inc. (NASDAQ:MOBX) Declines By 26.9%

Key Points

• Short interest in Mobix Labs, Inc. (NASDAQ:MOBX) declined by 26.9% in September, totaling 565,300 shares compared to 773,200 shares in August.
• The company's stock currently has a market cap of $60.20 million and a P/E ratio of -1.00, indicating significant financial challenges.
• Several institutional investors have increased their stakes in Mobix Labs, with XTX Topco Ltd boosting its position by 47.4% during the second quarter.

Mobix Labs, Inc. (NASDAQ:MOBX - Get Free Report) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 565,300 shares, a drop of 26.9% from the August 31st total of 773,200 shares. Based on an average trading volume of 865,900 shares, the short-interest ratio is currently 0.7 days. Approximately 1.5% of the shares of the stock are sold short. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 865,900 shares, the short-interest ratio is currently 0.7 days.

Mobix Labs Price Performance

MOBX stock opened at $1.10 on Tuesday. The stock's 50 day moving average price is $0.94 and its 200 day moving average price is $0.84. The firm has a market cap of $60.20 million, a P/E ratio of -1.00 and a beta of -0.12. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.09 and a current ratio of 0.14. Mobix Labs has a 1 year low of $0.55 and a 1 year high of $2.47.

Mobix Labs (NASDAQ:MOBX - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.17) earnings per share for the quarter. Mobix Labs had a negative return on equity of 5,149.05% and a negative net margin of 381.82%.The company had revenue of $2.35 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MOBX. XTX Topco Ltd boosted its stake in shares of Mobix Labs by 47.4% during the 2nd quarter. XTX Topco Ltd now owns 38,671 shares of the company's stock worth $30,000 after purchasing an additional 12,443 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Mobix Labs during the fourth quarter valued at approximately $104,000. Beacon Pointe Advisors LLC lifted its stake in shares of Mobix Labs by 432.7% during the second quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company's stock valued at $83,000 after buying an additional 87,738 shares during the period. Vanguard Capital Wealth Advisors boosted its position in Mobix Labs by 20.6% during the second quarter. Vanguard Capital Wealth Advisors now owns 950,981 shares of the company's stock worth $728,000 after acquiring an additional 162,361 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in Mobix Labs by 64.3% in the 1st quarter. Focus Partners Wealth now owns 1,642,857 shares of the company's stock worth $1,467,000 after acquiring an additional 642,857 shares during the period. Institutional investors and hedge funds own 8.56% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MOBX. Weiss Ratings restated a "sell (e+)" rating on shares of Mobix Labs in a report on Saturday, September 27th. Wall Street Zen lowered Mobix Labs to a "strong sell" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mobix Labs presently has a consensus rating of "Sell".

Mobix Labs Company Profile

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.

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