Mobility Global, Inc. (NYSE:MBGL) Sees Large Growth in Short Interest

Mobility Global, Inc. (NYSE:MBGL) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,538,355 shares, an increase of 12,037.5% from the June 30th total of 45,630 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 23,296,695 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MBGL shares. UBS Group set a $23.00 target price on shares of Mobility Global in a report on Thursday, July 2nd. Royal Bank Of Canada started coverage on shares of Mobility Global in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 price target on the stock. Wells Fargo & Company started coverage on shares of Mobility Global in a research report on Wednesday, July 8th. They set an “overweight” rating and a $27.00 price objective for the company. Robert W. Baird began coverage on Mobility Global in a research note on Thursday, July 2nd. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Wolfe Research upgraded Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Mobility Global Trading Down 0.9%

MBGL opened at $20.50 on Friday. Mobility Global has a fifty-two week low of $17.67 and a fifty-two week high of $26.00.