Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Down 72.1% in February

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 4,800 shares, a drop of 72.1% from the February 13th total of 17,200 shares. Based on an average daily volume of 18,800 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Socket Mobile Price Performance

NASDAQ SCKT opened at $1.13 on Thursday. The company’s 50 day simple moving average is $1.36 and its two-hundred day simple moving average is $1.30. Socket Mobile has a 1 year low of $0.91 and a 1 year high of $1.72. The stock has a market capitalization of $8.59 million, a PE ratio of -5.14 and a beta of 1.03.

Institutional Investors Weigh In On Socket Mobile

A hedge fund recently bought a new stake in Socket Mobile stock. AMH Equity Ltd bought a new position in Socket Mobile, Inc. (NASDAQ:SCKT) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 116,300 shares of the company’s stock, valued at approximately $155,000. AMH Equity Ltd owned 1.53% 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 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.