Digital Ally, Inc. (NASDAQ:DGLY) Sees Significant Growth in Short Interest

Digital Ally, Inc. (NASDAQ:DGLY) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 737,600 shares, an increase of 207.1% from the February 13th total of 240,200 shares. Approximately 14.2% of the shares of the company are short sold. Based on an average daily trading volume, of 18,530,000 shares, the days-to-cover ratio is currently 0.0 days.

Digital Ally Price Performance

Digital Ally stock opened at $0.08 on Friday. The business’s 50 day simple moving average is $0.23 and its 200 day simple moving average is $0.67. Digital Ally has a 12 month low of $0.06 and a 12 month high of $3.29. The company has a market cap of $756,480.00, a price-to-earnings ratio of -0.01 and a beta of 1.06. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61.

Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings data on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share (EPS) for the quarter. Digital Ally had a negative net margin of 93.21% and a negative return on equity of 407.65%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Digital Ally in a research report on Tuesday. They issued a “sell” rating on the stock.

Institutional Investors Weigh In On Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP acquired a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned 6.09% of Digital Ally as of its most recent filing with the SEC. 4.19% of the stock is owned by institutional investors and hedge funds.

About Digital Ally

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.