Mobile Infrastructure Corporation (NASDAQ:BEEP) Sees Large Drop in Short Interest

Mobile Infrastructure Corporation (NASDAQ:BEEP) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 165,500 shares, a decline of 40.3% from the September 15th total of 277,200 shares. Based on an average trading volume of 53,200 shares, the short-interest ratio is presently 3.1 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 53,200 shares, the short-interest ratio is presently 3.1 days.

Mobile Infrastructure Price Performance

Shares of Mobile Infrastructure stock opened at $3.49 on Wednesday. The stock’s 50-day simple moving average is $3.57 and its 200-day simple moving average is $3.85. Mobile Infrastructure has a 52 week low of $2.75 and a 52 week high of $4.86. The company has a market capitalization of $149.02 million, a price-to-earnings ratio of -11.63 and a beta of 0.53. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.17.

Mobile Infrastructure (NASDAQ:BEEP) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Mobile Infrastructure had a negative net margin of 28.91% and a negative return on equity of 5.58%. The business had revenue of $8.99 million during the quarter, compared to analysts’ expectations of $9.39 million. Mobile Infrastructure has set its FY 2025 guidance at EPS. As a group, analysts expect that Mobile Infrastructure will post -0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobile Infrastructure in a research report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and set a $6.50 target price on shares of Mobile Infrastructure in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.88.

Institutional Investors Weigh In On Mobile Infrastructure

Large investors have recently made changes to their positions in the company. CWM LLC increased its holdings in shares of Mobile Infrastructure by 40.5% in the first quarter. CWM LLC now owns 60,998 shares of the company’s stock worth $254,000 after purchasing an additional 17,569 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Mobile Infrastructure by 104.1% during the first quarter. Goldman Sachs Group Inc. now owns 40,662 shares of the company’s stock worth $170,000 after acquiring an additional 20,741 shares during the last quarter. North Star Investment Management Corp. bought a new stake in Mobile Infrastructure during the second quarter worth approximately $240,000. MAI Capital Management increased its stake in Mobile Infrastructure by 99.3% during the first quarter. MAI Capital Management now owns 6,253 shares of the company’s stock worth $26,000 after acquiring an additional 3,116 shares during the last quarter. Finally, Connective Capital Management LLC bought a new stake in Mobile Infrastructure during the first quarter worth approximately $223,000. 84.30% of the stock is owned by institutional investors.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet.