MDB Capital Holdings, LLC (NASDAQ:MDBH) Sees Significant Increase in Short Interest

MDB Capital Holdings, LLC (NASDAQ:MDBH) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,000 shares, an increase of 361.5% from the February 13th total of 1,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 8,400 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On MDB Capital

A hedge fund recently bought a new stake in MDB Capital stock. Citadel Advisors LLC acquired a new stake in MDB Capital Holdings, LLC (NASDAQ:MDBH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,884 shares of the company’s stock, valued at approximately $94,000. Citadel Advisors LLC owned about 0.16% of MDB Capital at the end of the most recent quarter. 0.35% of the stock is owned by institutional investors and hedge funds.

MDB Capital Stock Performance

Shares of MDBH stock traded up $0.39 during mid-day trading on Thursday, hitting $6.64. 996 shares of the stock traded hands, compared to its average volume of 6,764. MDB Capital has a twelve month low of $5.78 and a twelve month high of $12.00. The company’s 50-day simple moving average is $6.44 and its 200-day simple moving average is $6.85. The firm has a market cap of $61.73 million, a price-to-earnings ratio of -2.31 and a beta of 0.94.

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.