Short Interest in Mobilicom Limited (NASDAQ:MOBBW) Declines By 49.0%

Mobilicom Limited (NASDAQ:MOBBW) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 1,315 shares, a drop of 49.0% from the November 30th total of 2,578 shares. Based on an average daily volume of 5,441 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 5,441 shares, the days-to-cover ratio is presently 0.2 days.

Mobilicom Stock Down 0.7%

MOBBW stock traded down $0.02 during trading on Friday, reaching $2.99. 1,054 shares of the company were exchanged, compared to its average volume of 19,607. The stock’s 50 day moving average price is $2.90 and its 200 day moving average price is $2.09. Mobilicom has a 52-week low of $0.20 and a 52-week high of $5.80.

Mobilicom Company Profile

Mobilicom Ltd. (NASDAQ:MOBBW) is a technology company specializing in secure, mission-critical communications and cybersecurity solutions for edge and IoT applications. The company’s end-to-end hardware and software platform delivers encrypted, low-latency voice, video and data connectivity across multi-network topologies, enabling real-time situational awareness in remote and contested environments. Mobilicom’s product portfolio includes edge cyber protection modules, mesh-network communication nodes and command-and-control software for unmanned systems and other field-deployed assets.

Mobilicom’s solutions support a range of applications such as unmanned aerial vehicles (UAVs), autonomous ground vehicles, industrial robotics and critical infrastructure monitoring.