Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Down 33.5% in January

Socket Mobile, Inc. (NASDAQ:SCKT) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 13,500 shares, a decline of 33.5% from the January 15th total of 20,300 shares. Based on an average daily trading volume, of 26,800 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Socket Mobile stock. AMH Equity Ltd acquired a new stake in shares of Socket Mobile, Inc. (NASDAQ:SCKT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 116,300 shares of the company’s stock, valued at approximately $155,000. AMH Equity Ltd owned approximately 1.53% of Socket Mobile as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.76% of the company’s stock.

Socket Mobile Trading Down 1.5 %

SCKT traded down $0.02 during trading on Friday, hitting $1.29. 7,756 shares of the stock traded hands, compared to its average volume of 21,280. The firm has a 50-day moving average of $1.42 and a 200 day moving average of $1.27. Socket Mobile has a 12-month low of $0.91 and a 12-month high of $1.72.

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.