Mobilicom Limited (NASDAQ:MOBBW) Shares Shorted: Short Interest Down 62.4% in October

Mobilicom Limited (NASDAQ:MOBBW) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 3,263 shares, a drop of 62.4% from the September 30th total of 8,678 shares. Based on an average daily volume of 4,871 shares, the days-to-cover ratio is presently 0.7 days.

Mobilicom Trading Down 15.1%

MOBBW stock traded down $0.13 during trading on Friday, hitting $0.75. The company had a trading volume of 213 shares, compared to its average volume of 6,029. Mobilicom has a 52-week low of $0.43 and a 52-week high of $4.93. The company has a 50 day simple moving average of $1.29 and a 200-day simple moving average of $2.09.

Mobilicom Company Profile

Mobilicom Ltd. is an Israel-based technology company that develops secure communication, networking and cybersecurity solutions for unmanned aerial vehicles (UAVs), drones, robotics and other autonomous systems. Its products are designed to support reliable command, control and data transmission in demanding commercial, industrial, defense and public-safety environments.

The company’s product portfolio includes airborne communication systems, mobile ad hoc networking solutions, command-and-control technologies, ground-control equipment and cybersecurity tools.