Short Interest in MDB Capital Holdings, LLC (NASDAQ:MDBH) Declines By 48.3%

MDB Capital Holdings, LLC (NASDAQ:MDBHGet Free Report) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 3,100 shares, a decline of 48.3% from the February 28th total of 6,000 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MDB Capital stock. Pasadena Private Wealth LLC boosted its holdings in shares of MDB Capital Holdings, LLC (NASDAQ:MDBHFree Report) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,200 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Pasadena Private Wealth LLC owned approximately 0.92% of MDB Capital worth $537,000 at the end of the most recent reporting period. Institutional investors own 0.35% of the company’s stock.

MDB Capital Stock Up 1.9 %

Shares of NASDAQ MDBH traded up $0.12 during trading hours on Friday, hitting $6.37. The company had a trading volume of 405 shares, compared to its average volume of 8,235. MDB Capital has a 1-year low of $5.78 and a 1-year high of $12.00. The firm’s 50 day moving average is $6.48 and its 200-day moving average is $6.72. The stock has a market capitalization of $59.22 million, a P/E ratio of -2.22 and a beta of 0.95.

MDB Capital Company Profile

(Get Free Report)

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.

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