Mobileiron Inc (NASDAQ:MOBL) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 881,483 shares, a drop of 23.2% from the February 15th total of 1,147,544 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 902,952 shares, the short-interest ratio is currently 1.0 days.
Shares of NASDAQ:MOBL opened at $5.02 on Monday. Mobileiron has a 1 year low of $3.98 and a 1 year high of $5.71. The company has a market cap of $516.88 million, a price-to-earnings ratio of -11.95 and a beta of 1.75.
Mobileiron (NASDAQ:MOBL) last announced its earnings results on Thursday, February 7th. The software maker reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. Mobileiron had a negative return on equity of 76.61% and a negative net margin of 22.30%. The business had revenue of $54.10 million during the quarter, compared to analyst estimates of $54.40 million. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that Mobileiron will post -0.32 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of Mobileiron by 22.8% during the fourth quarter. Geode Capital Management LLC now owns 881,132 shares of the software maker’s stock valued at $4,043,000 after buying an additional 163,536 shares during the period. Amalgamated Bank purchased a new position in shares of Mobileiron during the fourth quarter valued at approximately $50,000. Millennium Management LLC boosted its position in shares of Mobileiron by 55.1% during the fourth quarter. Millennium Management LLC now owns 1,350,118 shares of the software maker’s stock valued at $6,197,000 after buying an additional 479,706 shares during the period. Jane Street Group LLC purchased a new position in shares of Mobileiron during the fourth quarter valued at approximately $291,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Mobileiron by 290.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,024 shares of the software maker’s stock valued at $97,000 after buying an additional 15,637 shares during the period. Institutional investors and hedge funds own 60.62% of the company’s stock.
MOBL has been the subject of several recent research reports. Zacks Investment Research lowered Mobileiron from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub lowered Mobileiron from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th.
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Mobileiron Company Profile
MobileIron, Inc, together with its subsidiaries, provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally.
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