Mobilicom Limited (NASDAQ:MOBBW) Stock Short Interest Jumps 437.0%

Mobilicom Limited (NASDAQ:MOBBW) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 8,678 shares, an increase of 437.0% from the September 15th total of 1,616 shares. Based on an average daily volume of 8,237 shares, the short-interest ratio is currently 1.1 days.

Mobilicom Price Performance

Shares of NASDAQ MOBBW traded down $0.17 during midday trading on Friday, hitting $0.88. 13,347 shares of the stock traded hands, compared to its average volume of 6,177. The firm has a 50-day moving average of $1.65 and a two-hundred day moving average of $2.02. Mobilicom has a one year low of $0.82 and a one year high of $5.73.

Mobilicom Company Profile

Mobilicom Ltd. is an Israeli technology company that develops communication, cybersecurity and remote-control solutions for unmanned aerial systems and other autonomous platforms. Its products are designed to support reliable, secure and resilient operations in environments where connectivity, data protection and continuous control are important.

The company’s portfolio includes airborne and ground-based communication systems, command-and-control solutions, and cybersecurity technologies for drones and robotics.