Short Interest in Mobia Medical, Inc. (NASDAQ:MOBI) Increases By ∞

Mobia Medical, Inc. (NASDAQ:MOBI) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 330,858 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 294,013 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MOBI. Bank of America began coverage on shares of Mobia Medical in a report on Tuesday. They set a “buy” rating and a $16.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Mobia Medical in a report on Tuesday. They set an “overweight” rating and a $15.00 price target on the stock. BTIG Research began coverage on shares of Mobia Medical in a report on Tuesday. They set a “buy” rating and a $19.00 price target on the stock. Wolfe Research began coverage on shares of Mobia Medical in a report on Tuesday. They set an “outperform” rating on the stock. Finally, Wall Street Zen upgraded shares of Mobia Medical to a “hold” rating in a report on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $20.25.

Insider Transactions at Mobia Medical

In other Mobia Medical news, Director Cynthia L. Lucchese bought 125,000 shares of Mobia Medical stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of $15.00 per share, for a total transaction of $1,875,000.00. Following the acquisition, the director directly owned 125,000 shares in the company, valued at approximately $1,875,000. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Chase C. Leavitt bought 3,000 shares of Mobia Medical stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $15.00 per share, for a total transaction of $45,000.00. Following the completion of the acquisition, the insider owned 3,000 shares in the company, valued at approximately $45,000. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders purchased 1,268,332 shares of company stock worth $19,024,980.

Mobia Medical Price Performance

MOBI stock traded down $0.05 during mid-day trading on Wednesday, reaching $13.73. The company had a trading volume of 185,459 shares, compared to its average volume of 159,531. The company has a market capitalization of $454.26 million, a P/E ratio of 66.00 and a beta of 2.84. Mobia Medical has a 12 month low of $10.19 and a 12 month high of $14.77.