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

Mobia Medical, Inc. (NASDAQ:MOBI) saw a large growth in short interest in 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 daily trading volume, of 294,013 shares, the days-to-cover ratio is currently 1.1 days.

Analysts Set New Price Targets

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

Mobia Medical Stock Performance

NASDAQ:MOBI traded up $0.40 on Monday, hitting $13.50. The stock had a trading volume of 108,517 shares, compared to its average volume of 105,848. The stock has a market capitalization of $446.65 million, a price-to-earnings ratio of 66.00 and a beta of 2.84. Mobia Medical has a 52-week low of $10.19 and a 52-week high of $14.04.

Insider Buying and Selling

In other Mobia Medical news, Director William T. Harrington acquired 533,333 shares of Mobia Medical stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $7,999,995.00. Following the acquisition, the director owned 2,006,716 shares of the company’s stock, valued at $30,100,740. This represents a 36.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Osage University Gp Iii, Llc acquired 533,333 shares of Mobia Medical stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $15.00 per share, with a total value of $7,999,995.00. Following the completion of the acquisition, the insider directly owned 2,006,716 shares in the company, valued at $30,100,740. This represents a 36.20% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 1,268,332 shares of company stock worth $19,024,980 in the last three months.