MDB Capital Holdings, LLC (NASDAQ:MDBH) Short Interest Down 73.2% in July

MDB Capital Holdings, LLC (NASDAQ:MDBH) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 848 shares, a decrease of 73.2% from the July 15th total of 3,170 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,392 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On MDB Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in MDB Capital during the third quarter worth about $43,000. DRW Securities LLC acquired a new stake in shares of MDB Capital during the 4th quarter worth approximately $40,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of MDB Capital during the 2nd quarter worth approximately $27,000. 0.35% of the stock is currently owned by institutional investors and hedge funds.

MDB Capital Price Performance

MDB Capital stock traded down $0.04 during trading on Friday, reaching $2.98. 1,347 shares of the company were exchanged, compared to its average volume of 2,333. The stock’s 50 day simple moving average is $3.12 and its two-hundred day simple moving average is $3.25. The company has a market capitalization of $30.69 million, a P/E ratio of -1.37 and a beta of 1.21. MDB Capital has a 52-week low of $2.45 and a 52-week high of $4.80.

MDB Capital (NASDAQ:MDBH) last issued its earnings results on Thursday, August 13th. The company reported ($0.90) earnings per share (EPS) for the quarter. The business had revenue of ($2.33) million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of MDB Capital in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About MDB Capital

MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence. The Technology Development segment engages in the synthetic biology technology development business.