Short Interest in Mobilicom Limited (NASDAQ:MOBBW) Decreases By 93.0%

Mobilicom Limited (NASDAQ:MOBBW) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 343 shares, a decrease of 93.0% from the May 14th total of 4,898 shares. Based on an average daily volume of 14,583 shares, the short-interest ratio is presently 0.0 days.

Mobilicom Trading Down 4.4%

Shares of MOBBW stock traded down $0.12 during trading hours on Thursday, hitting $2.66. The company had a trading volume of 1,961 shares, compared to its average volume of 6,131. Mobilicom has a 12 month low of $0.29 and a 12 month high of $5.80. The firm’s fifty day moving average is $2.34 and its 200 day moving average is $2.65.

Mobilicom Company Profile

Mobilicom Ltd. (NASDAQ:MOBBW) is a technology company specializing in secure, mission-critical communications and cybersecurity solutions for edge and IoT applications. The company’s end-to-end hardware and software platform delivers encrypted, low-latency voice, video and data connectivity across multi-network topologies, enabling real-time situational awareness in remote and contested environments. Mobilicom’s product portfolio includes edge cyber protection modules, mesh-network communication nodes and command-and-control software for unmanned systems and other field-deployed assets.

Mobilicom’s solutions support a range of applications such as unmanned aerial vehicles (UAVs), autonomous ground vehicles, industrial robotics and critical infrastructure monitoring.