Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Update

Mobix Labs, Inc. (NASDAQ:MOBX) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 266,900 shares, a decline of 35.8% from the October 31st total of 415,600 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 234,700 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On Mobix Labs

A hedge fund recently bought a new stake in Mobix Labs stock. Wedbush Securities Inc. bought a new position in shares of Mobix Labs, Inc. (NASDAQ:MOBX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 38,070 shares of the company’s stock, valued at approximately $62,000. Wedbush Securities Inc. owned 0.14% of Mobix Labs as of its most recent SEC filing. 8.56% of the stock is currently owned by institutional investors.

Mobix Labs Stock Up 43.1 %

Mobix Labs stock traded up $0.37 during midday trading on Thursday, hitting $1.23. 3,507,573 shares of the stock were exchanged, compared to its average volume of 249,985. Mobix Labs has a 52-week low of $0.55 and a 52-week high of $12.50. The business’s 50-day moving average price is $0.82 and its 200-day moving average price is $1.29.

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.