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

Digital Ally, Inc. (NASDAQ:DGLY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 181,100 shares, an increase of 15.0% from the June 30th total of 157,500 shares. Currently, 4.9% of the company’s shares are short sold. Based on an average trading volume of 18,200 shares, the short-interest ratio is presently 10.0 days.

Digital Ally Trading Down 2.5 %

Shares of NASDAQ:DGLY opened at $1.99 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. Digital Ally has a 12 month low of $1.73 and a 12 month high of $4.40. The company has a 50-day moving average price of $2.58 and a 200 day moving average price of $2.39.

Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings results on Friday, May 17th. The scientific and technical instruments company reported ($1.37) EPS for the quarter. Digital Ally had a negative net margin of 89.17% and a negative return on equity of 155.99%. The business had revenue of $5.53 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Digital Ally in a report on Monday, July 22nd. They issued a “sell” rating for the company.

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.