LogicMark, Inc. (NASDAQ:LGMK) Short Interest Update

LogicMark, Inc. (NASDAQ:LGMK) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 469,000 shares, an increase of 1,043.9% from the January 31st total of 41,000 shares. Currently, 10.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of LogicMark

An institutional investor recently bought a new stake in LogicMark stock. Anson Funds Management LP purchased a new stake in LogicMark, Inc. (NASDAQ:LGMK) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned 5.88% of LogicMark at the end of the most recent reporting period. Institutional investors own 7.88% of the company’s stock.

LogicMark Stock Up 2.0 %

NASDAQ:LGMK traded up $0.00 during trading hours on Thursday, reaching $0.20. 3,654,628 shares of the stock were exchanged, compared to its average volume of 1,985,617. LogicMark has a 52 week low of $0.18 and a 52 week high of $32.25. The firm has a 50 day simple moving average of $1.15 and a 200-day simple moving average of $2.46. The stock has a market capitalization of $557,641.00, a P/E ratio of 0.00 and a beta of 1.15.

LogicMark Company Profile

LogicMark, Inc provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company’s devices provide people with the ability to receive care at home and age independently and to check, manage, and monitor a loved one’s health and safety remotely.