Short Interest in MDB Capital Holdings, LLC (NASDAQ:MDBH) Grows By 361.5%

MDB Capital Holdings, LLC (NASDAQ:MDBH) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 6,000 shares, a growth of 361.5% from the February 13th total of 1,300 shares. Based on an average daily trading volume, of 8,400 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are short sold.

MDB Capital Stock Performance

Shares of MDBH stock traded up $0.13 during trading hours on Friday, reaching $6.43. The company had a trading volume of 632 shares, compared to its average volume of 6,630. MDB Capital has a twelve month low of $5.78 and a twelve month high of $12.00. The stock’s fifty day simple moving average is $6.45 and its 200 day simple moving average is $6.85. The company has a market capitalization of $59.73 million, a P/E ratio of -2.24 and a beta of 0.94.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MDB Capital stock. Pasadena Private Wealth LLC increased its position in shares of MDB Capital Holdings, LLC (NASDAQ:MDBH) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,200 shares of the company’s stock after buying an additional 10,000 shares during the period. Pasadena Private Wealth LLC owned about 0.92% of MDB Capital worth $537,000 at the end of the most recent reporting period. 0.35% of the stock is currently owned by hedge funds and other institutional investors.

MDB Capital Company Profile

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.