Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Down 23.8% in March

Mobix Labs, Inc. (NASDAQ:MOBX) was the target of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 884,200 shares, a decline of 23.8% from the March 15th total of 1,160,000 shares. Based on an average daily volume of 603,100 shares, the short-interest ratio is currently 1.5 days. Approximately 2.8% of the shares of the company are sold short.

Mobix Labs Price Performance

NASDAQ:MOBX traded down $0.04 on Monday, reaching $0.75. 52,534 shares of the company’s stock traded hands, compared to its average volume of 509,410. The stock has a 50-day simple moving average of $0.98 and a 200-day simple moving average of $1.08. Mobix Labs has a 12 month low of $0.55 and a 12 month high of $3.62. The firm has a market cap of $29.77 million, a PE ratio of -0.56 and a beta of -0.17. The company has a quick ratio of 0.09, a current ratio of 0.13 and a debt-to-equity ratio of 0.23.

Mobix Labs (NASDAQ:MOBX) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.52) earnings per share for the quarter. Mobix Labs had a negative return on equity of 866.93% and a negative net margin of 437.57%. The business had revenue of $3.17 million during the quarter.

Insider Buying and Selling at Mobix Labs

In other news, Director James J. Peterson sold 146,732 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $1.04, for a total value of $152,601.28. Following the completion of the sale, the director now directly owns 2,115,574 shares of the company’s stock, valued at $2,200,196.96. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 188,965 shares of company stock valued at $198,618. Company insiders own 25.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MOBX. Coppell Advisory Solutions LLC grew its holdings in Mobix Labs by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 25,000 shares of the company’s stock valued at $42,000 after buying an additional 10,000 shares in the last quarter. Ieq Capital LLC grew its holdings in shares of Mobix Labs by 73.1% in the fourth quarter. Ieq Capital LLC now owns 34,620 shares of the company’s stock valued at $59,000 after purchasing an additional 14,620 shares in the last quarter. Jane Street Group LLC purchased a new stake in Mobix Labs during the fourth quarter valued at $93,000. Citadel Advisors LLC bought a new position in Mobix Labs during the fourth quarter valued at $104,000. Finally, Geode Capital Management LLC increased its holdings in shares of Mobix Labs by 29.8% in the 3rd quarter. Geode Capital Management LLC now owns 201,578 shares of the company’s stock worth $214,000 after buying an additional 46,237 shares during the last quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.

About Mobix Labs

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.