Socket Mobile, Inc. (NASDAQ:SCKT – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 5,500 shares, a drop of 56.0% from the September 15th total of 12,500 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Socket Mobile in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
Get Our Latest Research Report on SCKT
Institutional Investors Weigh In On Socket Mobile
Socket Mobile Stock Performance
Shares of NASDAQ SCKT opened at $0.96 on Friday. Socket Mobile has a 52-week low of $0.82 and a 52-week high of $1.72. The firm’s 50 day moving average price is $1.02 and its 200-day moving average price is $1.11. The company has a market cap of $7.60 million, a PE ratio of -2.51 and a beta of 0.99.
Socket Mobile (NASDAQ:SCKT – Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.10) earnings per share for the quarter. Socket Mobile had a negative net margin of 17.13% and a negative return on equity of 16.35%. The company had revenue of $4.04 million for the quarter.
About Socket Mobile
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.
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