Mobilicom Limited Sponsored ADR (NASDAQ:MOB) Sees Significant Growth in Short Interest

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 511,833 shares, an increase of 19.4% from the December 15th total of 428,613 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average trading volume of 159,128 shares, the short-interest ratio is presently 3.2 days. Based on an average trading volume of 159,128 shares, the short-interest ratio is presently 3.2 days. Currently, 4.9% of the shares of the stock are sold short.

Mobilicom Stock Up 8.5%

Shares of NASDAQ MOB traded up $0.62 during trading on Tuesday, hitting $7.90. The company had a trading volume of 490,583 shares, compared to its average volume of 292,589. Mobilicom has a 52 week low of $1.31 and a 52 week high of $11.02. The business’s 50-day moving average is $6.81 and its 200 day moving average is $754.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 6.94 and a quick ratio of 6.15.

Institutional Investors Weigh In On Mobilicom

Several hedge funds have recently modified their holdings of MOB. Wexford Capital LP purchased a new position in Mobilicom in the 3rd quarter worth about $1,643,000. Raymond James Financial Inc. acquired a new position in shares of Mobilicom in the third quarter worth about $847,000. Regal Partners Ltd acquired a new position in shares of Mobilicom in the third quarter worth about $717,000. Jane Street Group LLC purchased a new position in shares of Mobilicom in the second quarter worth approximately $184,000. Finally, Apis Capital Advisors LLC acquired a new stake in shares of Mobilicom during the third quarter valued at approximately $558,000. 13.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MOB has been the topic of several recent analyst reports. ThinkEquity reissued a “buy” rating on shares of Mobilicom in a report on Monday, October 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Mobilicom in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2,750.00.

Mobilicom Company Profile

Mobilicom Ltd. (NASDAQ: MOB) is an Israel-based technology company specializing in secure communications, cybersecurity and edge computing solutions for unmanned systems, ground vehicles and critical assets. The company’s core platform integrates advanced encryption, artificial intelligence and resilient networking capabilities to protect data and command-and-control links in contested or degraded environments.

The company’s flagship offerings include AerialGuard, a turnkey cyber-hardened communications suite for unmanned aerial vehicles (UAVs); VehicularGuard, designed to secure vehicle-to-everything (V2X) communications in ground systems; and MissionCore, a software-defined command-and-control framework that delivers real-time situational awareness and autonomous decision support.