Short Interest in Mobilicom Limited (NASDAQ:MOB) Drops By 22.6%

Mobilicom Limited (NASDAQ:MOB) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 752,800 shares, a drop of 22.6% from the December 15th total of 972,400 shares. Based on an average daily volume of 489,600 shares, the short-interest ratio is presently 1.5 days.

Mobilicom Price Performance

NASDAQ MOB traded up $0.30 during trading hours on Wednesday, hitting $3.57. 214,111 shares of the company were exchanged, compared to its average volume of 529,280. Mobilicom has a 52-week low of $0.71 and a 52-week high of $5.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.88 and a quick ratio of 3.62. The company has a 50 day moving average of $2.69 and a two-hundred day moving average of $1.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mobilicom stock. Garden State Investment Advisory Services LLC acquired a new position in shares of Mobilicom Limited (NASDAQ:MOB) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 137,000 shares of the company’s stock, valued at approximately $149,000. Garden State Investment Advisory Services LLC owned about 2.16% of Mobilicom at the end of the most recent quarter. 13.56% of the stock is owned by institutional investors.

About Mobilicom

Mobilicom Limited operates as an end-to-end provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. It designs, develops, and delivers smart solutions, such as cloud management software, communication datalink and mobile mesh networking terminals, handheld control terminals, and professional services and support for drone, robotics, and autonomous system manufacturers, as well as hardware products and software solutions.