Mobilicom Limited Sponsored ADR (NASDAQ:MOB) Short Interest Down 22.5% in February

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 600,704 shares, a drop of 22.5% from the February 12th total of 774,727 shares. Based on an average daily volume of 245,927 shares, the days-to-cover ratio is currently 2.4 days. Approximately 5.7% of the shares of the company are sold short. Approximately 5.7% of the shares of the company are sold short. Based on an average daily volume of 245,927 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Balyasny Asset Management L.P. bought a new stake in Mobilicom during the fourth quarter worth about $1,587,000. Wexford Capital LP acquired a new position in shares of Mobilicom in the 3rd quarter valued at approximately $1,643,000. Raymond James Financial Inc. acquired a new position in shares of Mobilicom in the 3rd quarter valued at approximately $847,000. Regal Partners Ltd bought a new stake in shares of Mobilicom during the 3rd quarter worth approximately $717,000. Finally, Jane Street Group LLC acquired a new stake in shares of Mobilicom during the 2nd quarter worth approximately $184,000. Institutional investors and hedge funds own 13.56% of the company’s stock.

Mobilicom Stock Down 4.3%

Shares of NASDAQ MOB traded down $0.25 during midday trading on Friday, reaching $5.58. The company’s stock had a trading volume of 174,100 shares, compared to its average volume of 216,391. The company has a quick ratio of 6.15, a current ratio of 6.94 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average price is $6.60 and its two-hundred day moving average price is $474.02. Mobilicom has a fifty-two week low of $1.31 and a fifty-two week high of $11.02.

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.