MDB Capital Holdings, LLC (NASDAQ:MDBH) Sees Large Decrease in Short Interest

MDB Capital Holdings, LLC (NASDAQ:MDBH) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 400 shares, a decrease of 20.0% from the September 15th total of 500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,600 shares, the short-interest ratio is presently 0.0 days.

MDB Capital Price Performance

Shares of MDBH traded down $0.35 during trading hours on Friday, hitting $6.55. 9,466 shares of the stock were exchanged, compared to its average volume of 9,084. The firm has a market capitalization of $281.36 million and a P/E ratio of -2.59. The business has a 50-day moving average of $8.20 and a 200-day moving average of $8.58. MDB Capital has a fifty-two week low of $6.55 and a fifty-two week high of $13.25.

MDB Capital (NASDAQ:MDBH) last posted its earnings results on Tuesday, August 13th. The company reported ($0.46) earnings per share for the quarter.

Institutional Investors Weigh In On MDB Capital

An institutional investor recently raised its position in MDB Capital stock. Pasadena Private Wealth LLC raised its holdings in shares of MDB Capital Holdings, LLC (NASDAQ:MDBH) by 50.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Pasadena Private Wealth LLC owned approximately 0.17% of MDB Capital worth $769,000 at the end of the most recent quarter. 0.35% of the stock is owned by institutional investors.

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.