Digital Ally, Inc. (NASDAQ:DGLY) Sees Large Decline in Short Interest

Digital Ally, Inc. (NASDAQ:DGLY) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 272,100 shares, a decline of 16.0% from the November 30th total of 323,800 shares. Currently, 5.9% of the shares of the stock are short sold. Based on an average trading volume of 189,600 shares, the days-to-cover ratio is currently 1.4 days.

Digital Ally Trading Down 0.4 %

Shares of Digital Ally stock traded down $0.00 during trading on Friday, hitting $0.53. The stock had a trading volume of 147,510 shares, compared to its average volume of 503,456. Digital Ally has a 1 year low of $0.48 and a 1 year high of $3.29. The stock has a 50 day simple moving average of $0.79 and a 200 day simple moving average of $1.29. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $2.58 million, a PE ratio of -0.07 and a beta of 0.82.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Digital Ally in a research note on Sunday. They issued a “sell” rating on the stock.

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.