Short Interest in Mobilicom Limited Sponsored ADR (NASDAQ:MOB) Grows By 24.4%

Mobilicom Limited Sponsored ADR (NASDAQ:MOB) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 774,727 shares, an increase of 24.4% from the January 29th total of 622,928 shares. Based on an average daily trading volume, of 409,474 shares, the short-interest ratio is currently 1.9 days. Approximately 7.4% of the shares of the company are sold short. Approximately 7.4% of the shares of the company are sold short. Based on an average daily trading volume, of 409,474 shares, the short-interest ratio is currently 1.9 days.

Mobilicom Stock Performance

Shares of MOB stock traded down $0.29 during mid-day trading on Tuesday, hitting $5.63. The stock had a trading volume of 33,505 shares, compared to its average volume of 418,956. Mobilicom has a fifty-two week low of $1.31 and a fifty-two week high of $11.02. 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 company’s 50-day simple moving average is $6.68 and its 200-day simple moving average is $554.43.

Hedge Funds Weigh In On Mobilicom

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corsair Capital Management L.P. purchased a new position in shares of Mobilicom during the 2nd quarter worth approximately $50,000. Quadrature Capital Ltd acquired a new stake in Mobilicom in the 4th quarter valued at about $152,000. Balyasny Asset Management L.P. purchased a new stake in shares of Mobilicom in the fourth quarter valued at about $1,587,000. Jane Street Group LLC lifted its holdings in shares of Mobilicom by 20.0% in the fourth quarter. Jane Street Group LLC now owns 62,001 shares of the company’s stock valued at $378,000 after purchasing an additional 10,344 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Mobilicom during the 4th quarter valued at $331,000. Institutional investors and hedge funds own 13.56% of the company’s stock.

About Mobilicom

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.