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

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 23,500 shares, anincreaseof30.6% from the July 15th total of 18,000 shares. Approximately0.4% of the company’s stock are sold short. Based on an average trading volume of 13,200 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 13,200 shares, the short-interest ratio is currently 1.8 days. Approximately0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Socket Mobile

An institutional investor recently raised its position in Socket Mobile stock. AMH Equity Ltd lifted its position in Socket Mobile, Inc. (NASDAQ:SCKT) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,398 shares of the company’s stock after buying an additional 9,098 shares during the quarter. AMH Equity Ltd owned about 1.58% of Socket Mobile worth $142,000 as of its most recent filing with the SEC. Institutional investors own 3.76% of the company’s stock.

Socket Mobile Price Performance

Shares of SCKT opened at $1.0054 on Friday. The company has a market capitalization of $8.00 million, a price-to-earnings ratio of -2.65 and a beta of 0.89. Socket Mobile has a fifty-two week low of $0.8524 and a fifty-two week high of $1.72. The business’s 50-day moving average is $1.12 and its 200-day moving average is $1.16.

Socket Mobile (NASDAQ:SCKT) last issued its earnings results on Thursday, July 31st. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $4.04 million during the quarter. Socket Mobile had a negative net margin of 17.13% and a negative return on equity of 16.35%.

Socket Mobile Company Profile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.