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

Digital Ally, Inc. (NASDAQ:DGLY) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 240,200 shares, a growth of 48.0% from the January 31st total of 162,300 shares. Based on an average daily volume of 13,370,000 shares, the short-interest ratio is currently 0.0 days.

Digital Ally Price Performance

DGLY opened at $0.06 on Wednesday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.52 and a quick ratio of 0.44. The stock has a market capitalization of $603,840.00, a P/E ratio of -0.01 and a beta of 0.85. The company’s 50 day simple moving average is $0.30 and its 200-day simple moving average is $0.72. Digital Ally has a one year low of $0.06 and a one year high of $3.29.

Digital Ally (NASDAQ:DGLY) last posted 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 return on equity of 407.65% and a negative net margin of 93.21%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Digital Ally in a report on Monday. They issued a “sell” rating for the company.

Institutional Trading of Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP bought a new stake in Digital Ally, Inc. (NASDAQ:DGLY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent quarter. 4.19% of the stock is owned by hedge funds and other institutional investors.

Digital Ally Company Profile

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.