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

Socket Mobile, Inc. (NASDAQ:SCKT) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 6,389 shares, a decrease of 50.7% from the January 29th total of 12,960 shares. Based on an average trading volume of 10,151 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 10,151 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Socket Mobile in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Socket Mobile Trading Down 1.7%

NASDAQ SCKT opened at $0.90 on Friday. Socket Mobile has a 1 year low of $0.82 and a 1 year high of $1.36. The company has a market cap of $7.14 million, a PE ratio of -0.49 and a beta of 1.50. The stock’s 50-day moving average price is $1.09 and its two-hundred day moving average price is $1.08.

Socket Mobile (NASDAQ:SCKT) last released its earnings results on Monday, February 23rd. The company reported ($1.43) earnings per share for the quarter. The firm had revenue of $3.96 million during the quarter. Socket Mobile had a negative return on equity of 87.01% and a negative net margin of 95.36%.

Institutional Trading of Socket Mobile

A hedge fund recently bought a new stake in Socket Mobile stock. MV Capital Management Inc. bought a new position in Socket Mobile, Inc. (NASDAQ:SCKT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 96,917 shares of the company’s stock, valued at approximately $99,000. MV Capital Management Inc. owned 1.21% of Socket Mobile as of its most recent SEC filing. Institutional investors own 3.76% of the company’s stock.

About Socket Mobile

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.