Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Update

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 50,400 shares, a growth of 479.3% from the February 29th total of 8,700 shares. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.9% of the company’s stock are sold short.

Socket Mobile Trading Down 2.8 %

SCKT stock traded down $0.03 during mid-day trading on Thursday, hitting $1.02. The stock had a trading volume of 4,889 shares, compared to its average volume of 18,587. Socket Mobile has a 1-year low of $0.90 and a 1-year high of $2.01. The company has a fifty day moving average of $1.07 and a 200 day moving average of $1.12. The stock has a market capitalization of $7.70 million, a price-to-earnings ratio of -4.04 and a beta of 0.83.

Socket Mobile (NASDAQ:SCKT) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $4.40 million for the quarter. Socket Mobile had a negative net margin of 11.27% and a negative return on equity of 10.02%.

Institutional Investors Weigh In On Socket Mobile

An institutional investor recently raised its position in Socket Mobile stock. Morgan Stanley lifted its stake in shares of Socket Mobile, Inc. (NASDAQ:SCKT) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,463 shares of the company’s stock after acquiring an additional 6,253 shares during the quarter. Morgan Stanley owned about 0.83% of Socket Mobile worth $115,000 as of its most recent filing with the SEC. Institutional investors own 3.76% of the company’s stock.

Socket Mobile Company Profile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. The company's products are used in mobile applications in the areas of point of sale, commercial services, asset tracking, manufacturing process and quality control, transportation and logistics, event management, medical, and education.