MDB Capital Holdings, LLC (NASDAQ:MDBH) Short Interest Down 48.3% in March

MDB Capital Holdings, LLC (NASDAQ:MDBH - Get Free Report) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,100 shares, a drop of 48.3% from the February 28th total of 6,000 shares. Based on an average daily trading volume, of 7,200 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company's shares are sold short.

MDB Capital Stock Performance

NASDAQ MDBH traded up $0.19 on Tuesday, hitting $6.35. 13,784 shares of the stock were exchanged, compared to its average volume of 8,248. MDB Capital has a 52-week low of $5.78 and a 52-week high of $12.00. The stock has a fifty day moving average price of $6.48 and a two-hundred day moving average price of $6.70. The firm has a market capitalization of $59.03 million, a P/E ratio of -2.21 and a beta of 0.95.

MDB Capital (NASDAQ:MDBH - Get Free Report) last posted its quarterly earnings data on Monday, March 31st. The company reported $2.88 earnings per share (EPS) 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 stake in shares of MDB Capital Holdings, LLC (NASDAQ:MDBH - Free Report) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,200 shares of the company's stock after acquiring 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. 0.35% of the stock is owned by hedge funds and other institutional investors.

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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.