MDB Capital Holdings, LLC (NASDAQ:MDBH) Sees Significant Decrease in Short Interest
by Mitch Edgeman · The Markets DailyMDB Capital Holdings, LLC (NASDAQ:MDBH – Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 848 shares, a decrease of 73.2% from the July 15th total of 3,170 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,392 shares, the short-interest ratio is currently 0.6 days.
Institutional Investors Weigh In On MDB Capital
Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of MDB Capital during the 2nd quarter valued at about $27,000. Citadel Advisors LLC bought a new stake in shares of MDB Capital in the 3rd quarter valued at approximately $43,000. Finally, DRW Securities LLC bought a new stake in shares of MDB Capital in the 4th quarter valued at approximately $40,000. 0.35% of the stock is currently owned by hedge funds and other institutional investors.
MDB Capital Stock Down 1.3%
MDBH traded down $0.04 during trading on Friday, hitting $2.98. The company’s stock had a trading volume of 1,347 shares, compared to its average volume of 5,398. The business’s 50 day simple moving average is $3.12 and its 200-day simple moving average is $3.25. The firm has a market cap of $30.69 million, a PE ratio of -1.41 and a beta of 1.21. MDB Capital has a one year low of $2.45 and a one year high of $4.80.
MDB Capital (NASDAQ:MDBH – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.90) EPS for the quarter. The business had revenue of ($2.33) million during the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MDB Capital in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
Get Our Latest Stock Report on MDB Capital
About MDB Capital
MDB Capital Holdings, LLC, through its subsidiaries, primarily operates as a broker-dealer. The company operates through two segments, Broker Dealer & Intellectual Property Service, and Technology Development. The Broker Dealer & Intellectual Property Service segment operates as a full-service broker dealer that focuses on conducting private and public securities offerings, as well as providing research services for investment banking due diligence. The Technology Development segment engages in the synthetic biology technology development business.