Short Interest in Mobilicom Limited (NASDAQ:MOBBW) Declines By 48.7%

Mobilicom Limited (NASDAQ:MOBBW) was the target of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 450 shares, a decline of 48.7% from the January 15th total of 877 shares. Based on an average daily trading volume, of 8,890 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 8,890 shares, the days-to-cover ratio is presently 0.1 days.

Mobilicom Stock Performance

NASDAQ MOBBW traded down $0.23 during trading hours on Thursday, hitting $2.22. The company had a trading volume of 1,045 shares, compared to its average volume of 8,051. The business has a 50 day moving average of $3.29 and a 200-day moving average of $2.75. Mobilicom has a 1-year low of $0.20 and a 1-year high of $5.80.

About Mobilicom

Mobilicom Ltd. (NASDAQ:MOBBW) is a technology company specializing in secure, mission-critical communications and cybersecurity solutions for edge and IoT applications. The company’s end-to-end hardware and software platform delivers encrypted, low-latency voice, video and data connectivity across multi-network topologies, enabling real-time situational awareness in remote and contested environments. Mobilicom’s product portfolio includes edge cyber protection modules, mesh-network communication nodes and command-and-control software for unmanned systems and other field-deployed assets.

Mobilicom’s solutions support a range of applications such as unmanned aerial vehicles (UAVs), autonomous ground vehicles, industrial robotics and critical infrastructure monitoring.