Digital Ally, Inc. (NASDAQ:KUST – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 107,281 shares, a drop of 84.6% from the July 30th total of 695,577 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average trading volume of 2,052,916 shares, the short-interest ratio is currently 0.1 days.
Insider Activity
In other news, major shareholder Financial Lp Hrt sold 54,638 shares of Digital Ally stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total transaction of $78,678.72. Following the transaction, the insider owned 17,869 shares in the company, valued at approximately $25,731.36. The trade was a 75.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.01% of the company’s stock.
Digital Ally Stock Up 3.7%
Digital Ally stock traded up $0.03 during mid-day trading on Wednesday, hitting $0.94. 89,450 shares of the stock were exchanged, compared to its average volume of 2,803,027. The firm has a market cap of $6.11 million, a price-to-earnings ratio of -0.06 and a beta of 1.32. Digital Ally has a 12 month low of $0.85 and a 12 month high of $36.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.78 and a current ratio of 0.80.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Weiss Ratings lowered Digital Ally from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, August 14th. Wall Street Zen upgraded Digital Ally from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Get Our Latest Stock Analysis on Digital Ally
About Digital Ally
Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.
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