LogicMark, Inc. (NASDAQ:LGMK) Sees Large Drop in Short Interest

LogicMark, Inc. (NASDAQ:LGMK) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 162,800 shares, a decrease of 65.3% from the February 13th total of 469,000 shares. Based on an average trading volume of 1,850,000 shares, the short-interest ratio is presently 0.1 days. Approximately 3.3% of the shares of the company are sold short.

Hedge Funds Weigh In On LogicMark

A hedge fund recently bought a new stake in LogicMark stock. Anson Funds Management LP acquired a new stake in LogicMark, Inc. (NASDAQ:LGMK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned approximately 5.88% of LogicMark at the end of the most recent reporting period. 7.88% of the stock is currently owned by institutional investors.

LogicMark Price Performance

Shares of LGMK stock traded up $0.01 during trading hours on Friday, reaching $0.18. 2,268,032 shares of the company’s stock were exchanged, compared to its average volume of 817,384. The company has a market cap of $886,062.00, a P/E ratio of 0.00 and a beta of 1.36. The company’s 50 day moving average is $0.81 and its two-hundred day moving average is $2.12. LogicMark has a 1 year low of $0.16 and a 1 year high of $30.00.

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.