Mobix Labs, Inc. (NASDAQ:MOBXW) Sees Large Decrease in Short Interest

Mobix Labs, Inc. (NASDAQ:MOBXW) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 31,970 shares, a decline of 23.9% from the March 15th total of 42,012 shares. Based on an average daily trading volume, of 30,831 shares, the short-interest ratio is presently 1.0 days.

Mobix Labs Price Performance

Shares of MOBXW traded up $0.01 during mid-day trading on Friday, hitting $0.11. 2,704 shares of the company’s stock traded hands, compared to its average volume of 66,043. Mobix Labs has a 1 year low of $0.03 and a 1 year high of $0.32. The business’s 50-day moving average price is $0.11 and its 200-day moving average price is $0.11.

About Mobix Labs

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.