Mobia Medical, Inc. (NASDAQ:MOBI) Short Interest Update

Mobia Medical, Inc. (NASDAQ:MOBI) saw 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 trading volume of 294,013 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Mobia Medical to a “hold” rating in a research report on Saturday, May 16th.

Insider Buying and Selling

In other Mobia Medical news, insider Chase C. Leavitt purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of $15.00 per share, with a total value of $45,000.00. Following the completion of the purchase, the insider directly owned 3,000 shares of the company’s stock, valued at $45,000. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William T. Harrington purchased 533,333 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $15.00 per share, with a total value of $7,999,995.00. Following the purchase, the director directly owned 2,006,716 shares of the company’s stock, valued at $30,100,740. This trade represents a 36.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 1,268,332 shares of company stock valued at $19,024,980 over the last three months.

Mobia Medical Price Performance

Shares of MOBI traded up $0.40 during trading hours on Monday, hitting $13.50. The company had a trading volume of 108,517 shares, compared to its average volume of 105,848. Mobia Medical has a 52-week low of $10.19 and a 52-week high of $14.04. The firm has a market cap of $446.65 million, a PE ratio of 66.00 and a beta of 2.84.