Short Interest in MDB Capital Holdings, LLC (NASDAQ:MDBH) Declines By 48.3%

MDB Capital Holdings, LLC (NASDAQ:MDBH) saw 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. Approximately 0.1% of the shares of the company are sold short.

MDB Capital Stock Performance

Shares of MDBH stock traded up $0.12 during midday trading on Friday, hitting $6.37. 405 shares of the company were exchanged, compared to its average volume of 8,235. The firm has a market capitalization of $59.22 million, a P/E 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 firm’s 50 day moving average price is $6.48 and its two-hundred day moving average price is $6.72.

Hedge Funds Weigh In On MDB Capital

An institutional investor recently bought a new position in MDB Capital stock. Citadel Advisors LLC acquired a new stake in MDB Capital Holdings, LLC (NASDAQ:MDBH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,884 shares of the company’s stock, valued at approximately $94,000. Citadel Advisors LLC owned approximately 0.16% of MDB Capital at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.35% of the company’s stock.

About MDB Capital

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.