Socket Mobile, Inc. (NASDAQ:SCKT) Sees Large Increase in Short Interest

Socket Mobile, Inc. (NASDAQ:SCKT) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 22,600 shares, an increase of 334.6% from the October 31st total of 5,200 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 24,000 shares, the days-to-cover ratio is presently 0.9 days.

Socket Mobile Trading Down 2.6 %

SCKT traded down $0.04 during trading hours on Wednesday, hitting $1.47. 20,414 shares of the company’s stock were exchanged, compared to its average volume of 18,610. Socket Mobile has a 12-month low of $0.91 and a 12-month high of $1.55. The firm has a market cap of $11.19 million, a P/E ratio of -6.86 and a beta of 0.84. The firm has a 50 day moving average of $1.22 and a 200 day moving average of $1.18.

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.