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

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 391,795 shares, a decrease of 23.5% from the December 31st total of 511,833 shares. Based on an average trading volume of 278,682 shares, the days-to-cover ratio is presently 1.4 days. Currently, 3.7% of the shares of the company are sold short. Currently, 3.7% of the shares of the company are sold short. Based on an average trading volume of 278,682 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MOB. Corsair Capital Management L.P. acquired a new stake in Mobilicom during the second quarter valued at approximately $50,000. Bank of America Corp DE bought a new position in shares of Mobilicom during the 3rd quarter worth approximately $78,000. JPMorgan Chase & Co. acquired a new stake in Mobilicom in the 3rd quarter valued at $91,000. Two Sigma Investments LP bought a new stake in Mobilicom in the third quarter valued at $118,000. Finally, Scientech Research LLC acquired a new position in Mobilicom during the third quarter worth $138,000. Institutional investors and hedge funds own 13.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MOB. ThinkEquity reiterated a “buy” rating on shares of Mobilicom in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobilicom in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2,750.00.

Mobilicom Stock Performance

Mobilicom stock traded down $0.10 on Monday, hitting $6.39. The company’s stock had a trading volume of 431,714 shares, compared to its average volume of 506,085. Mobilicom has a one year low of $1.31 and a one year high of $11.02. The company has a current ratio of 6.94, a quick ratio of 6.15 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average price of $7.14 and a 200-day moving average price of $694.57.

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.