Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Up 121.1% in August

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 29,400 shares, a growth of 121.1% from the August 15th total of 13,300 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 11,600 shares, the short-interest ratio is presently 2.5 days.

Socket Mobile Trading Up 2.6 %

NASDAQ SCKT opened at $1.17 on Friday. The company has a 50 day moving average of $1.09 and a 200-day moving average of $1.12. The company has a market cap of $8.89 million, a price-to-earnings ratio of -5.57 and a beta of 0.82. Socket Mobile has a 1-year low of $0.90 and a 1-year high of $1.53.

Socket Mobile (NASDAQ:SCKT) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.08) EPS for the quarter. Socket Mobile had a negative return on equity of 8.33% and a negative net margin of 8.93%. The company had revenue of $5.08 million during the quarter.

Socket Mobile Company Profile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.