Socket Mobile, Inc. (NASDAQ:SCKT – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 263,300 shares, an increase of 389.8% from the July 30th total of 53,754 shares. Based on an average daily volume of 26,079,433 shares, the days-to-cover ratio is presently 0.0 days. Approximately 7.0% of the shares of the stock are short sold.
Socket Mobile Trading Up 5.0%
Socket Mobile stock opened at $0.67 on Wednesday. The firm has a market capitalization of $5.58 million, a P/E ratio of -0.36 and a beta of 1.28. The business has a 50-day moving average of $0.66 and a 200-day moving average of $0.83. Socket Mobile has a 1 year low of $0.38 and a 1 year high of $2.79.
Socket Mobile (NASDAQ:SCKT – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $3.03 million during the quarter. Socket Mobile had a negative net margin of 107.50% and a negative return on equity of 229.41%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on SCKT
Hedge Funds Weigh In On Socket Mobile
A hedge fund recently bought a new position in Socket Mobile stock. MV Capital Management Inc. acquired a new stake in Socket Mobile, Inc. (NASDAQ:SCKT – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 96,917 shares of the company’s stock, valued at approximately $99,000. MV Capital Management Inc. owned approximately 1.21% of Socket Mobile as of its most recent SEC filing. Institutional investors and hedge funds own 3.76% of the company’s stock.
Socket Mobile Company Profile
Socket Mobile, Inc (NASDAQ:SCKT) is a provider of mobile data capture and wireless connectivity solutions, designing products that enable smartphones, tablets and PCs to collect and transmit information in a variety of business environments. The company specializes in Bluetooth-enabled barcode scanners, RFID readers and image-based data capture devices that streamline point-of-sale, inventory management and field-service workflows.
Its product portfolio includes handheld scanners that support 1D and 2D barcodes, near-field communication (NFC) readers and ultra-compact mobile scanners engineered for retail, hospitality, healthcare, transportation and warehousing applications.
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