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

MDB Capital Holdings, LLC (NASDAQ:MDBH) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 3,100 shares, a decrease of 48.3% from the February 28th total of 6,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MDB Capital stock. Pasadena Private Wealth LLC raised its position in shares of MDB Capital Holdings, LLC (NASDAQ:MDBH) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,200 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Pasadena Private Wealth LLC owned about 0.92% of MDB Capital worth $537,000 as of its most recent SEC filing. 0.35% of the stock is currently owned by institutional investors.

MDB Capital Stock Up 1.9 %

MDB Capital stock traded up $0.12 during trading hours on Friday, hitting $6.37. 405 shares of the company traded hands, compared to its average volume of 8,235. The firm’s 50-day simple moving average is $6.48 and its two-hundred day simple moving average is $6.73. The firm has a market cap of $59.22 million, a P/E ratio of -2.22 and a beta of 0.95. MDB Capital has a 1-year low of $5.78 and a 1-year high of $12.00.

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.