LogicMark, Inc. (NASDAQ:LGMK) Sees Significant Decline in Short Interest

LogicMark, Inc. (NASDAQ:LGMK) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 41,000 shares, a drop of 49.1% from the January 15th total of 80,600 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average trading volume of 723,600 shares, the short-interest ratio is presently 0.1 days.

LogicMark Stock Down 4.2 %

NASDAQ LGMK traded down $0.03 on Thursday, hitting $0.68. 430,167 shares of the stock were exchanged, compared to its average volume of 232,716. The company has a market cap of $1.85 million, a PE ratio of 0.00 and a beta of 1.15. The company has a 50-day moving average price of $1.43 and a 200-day moving average price of $3.03. LogicMark has a fifty-two week low of $0.66 and a fifty-two week high of $32.25.

LogicMark (NASDAQ:LGMK) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($5.00) earnings per share for the quarter, beating analysts’ consensus estimates of ($10.75) by $5.75. LogicMark had a negative return on equity of 124.91% and a negative net margin of 141.96%. The company had revenue of $2.71 million for the quarter, compared to analysts’ expectations of $2.44 million. During the same period last year, the firm earned ($27.50) earnings per share. As a group, equities research analysts predict that LogicMark will post -54.25 EPS for the current fiscal year.

About LogicMark

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.