Mobia Medical, Inc. (NASDAQ:MOBI) Sees Large Increase in Short Interest

Mobia Medical, Inc. (NASDAQ:MOBI) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 330,858 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 294,013 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

A number of research firms recently issued reports on MOBI. JPMorgan Chase & Co. assumed coverage on shares of Mobia Medical in a research report on Tuesday. They set an “overweight” rating and a $15.00 target price for the company. Wall Street Zen raised shares of Mobia Medical to a “hold” rating in a report on Saturday, May 16th. The Goldman Sachs Group assumed coverage on shares of Mobia Medical in a report on Tuesday. They issued a “buy” rating and a $31.00 price objective for the company. Bank of America assumed coverage on shares of Mobia Medical in a report on Tuesday. They issued a “buy” rating and a $16.00 price objective for the company. Finally, Wolfe Research assumed coverage on shares of Mobia Medical in a report on Tuesday. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Mobia Medical presently has an average rating of “Buy” and an average target price of $20.25.

Insider Buying and Selling at Mobia Medical

In related news, Director William T. Harrington acquired 533,333 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $7,999,995.00. Following the completion of the purchase, the director owned 2,006,716 shares of the company’s stock, valued at approximately $30,100,740. This represents a 36.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Osage University Gp Iii, Llc acquired 533,333 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $15.00 per share, with a total value of $7,999,995.00. Following the completion of the purchase, the insider directly owned 2,006,716 shares of the company’s stock, valued at approximately $30,100,740. This trade represents a 36.20% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 1,268,332 shares of company stock valued at $19,024,980.

Mobia Medical Price Performance

Shares of Mobia Medical stock traded up $0.28 during mid-day trading on Tuesday, reaching $13.78. 939,600 shares of the stock traded hands, compared to its average volume of 157,956. Mobia Medical has a fifty-two week low of $10.19 and a fifty-two week high of $14.77. The stock has a market capitalization of $455.91 million, a P/E ratio of 66.00 and a beta of 2.84.