Digital Ally Inc./NV (NASDAQ:DGLY) Sees Significant Decrease in Short Interest

Digital Ally Inc./NV (NASDAQ:DGLY) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 43,900 shares, a decrease of 32.3% from the September 15th total of 64,800 shares. Based on an average trading volume of 119,700 shares, the short-interest ratio is currently 0.4 days. Currently, 2.5% of the shares of the company are short sold. Currently, 2.5% of the shares of the company are short sold. Based on an average trading volume of 119,700 shares, the short-interest ratio is currently 0.4 days.

Digital Ally Inc./NV Stock Performance

NASDAQ:DGLY opened at $1.85 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.75 and a current ratio of 1.01. Digital Ally Inc./NV has a 52-week low of $1.66 and a 52-week high of $2,380.00. The firm has a market cap of $3.09 million, a price-to-earnings ratio of 0.00 and a beta of 0.90. The business’s fifty day moving average is $1.92 and its 200 day moving average is $10.89.

Digital Ally Inc./NV (NASDAQ:DGLY) last announced its earnings results on Monday, August 18th. The scientific and technical instruments company reported ($3.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.43) by $1.22. Digital Ally Inc./NV had a negative return on equity of 538.11% and a negative net margin of 59.69%.The business had revenue of $5.63 million for the quarter, compared to analyst estimates of $5.60 million.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DGLY shares. Aegis raised Digital Ally Inc./NV to a “strong-buy” rating in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “sell (e)” rating on shares of Digital Ally Inc./NV in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Digital Ally Inc./NV

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. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. 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; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.