Digital Ally, Inc. (NASDAQ:DGLY) Short Interest Up 207.1% in February

Digital Ally, Inc. (NASDAQ:DGLY) was the recipient of a significant increase in short interest in 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. Based on an average daily volume of 18,530,000 shares, the short-interest ratio is presently 0.0 days. Approximately 14.2% of the company’s stock are sold short.

Digital Ally Stock Up 1.6 %

Shares of NASDAQ DGLY traded up $0.00 during midday trading on Friday, hitting $0.08. 55,005,419 shares of the stock traded hands, compared to its average volume of 27,080,000. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.44 and a current ratio of 0.52. Digital Ally has a one year low of $0.06 and a one year high of $3.29. The business has a 50 day moving average price of $0.23 and a two-hundred day moving average price of $0.67. The company has a market cap of $774,720.00, a PE ratio of -0.01 and a beta of 1.06.

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

Institutional Investors Weigh In On 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) in the 4th quarter, according to its most recent disclosure 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 approximately 6.09% of Digital Ally as of its most recent SEC filing. Institutional investors and hedge funds own 4.19% of the company’s stock.

Analysts Set New Price Targets

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

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.