LogicMark, Inc. (NASDAQ:LGMK) Short Interest Update

LogicMark, Inc. (NASDAQ:LGMK) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 100,400 shares, a decrease of 97.4% from the October 31st total of 3,810,000 shares. Approximately 20.5% of the company’s stock are short sold. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at LogicMark

In other news, major shareholder Winvest Investment Fund Manage bought 84,164 shares of the stock in a transaction dated Tuesday, October 15th. The shares were bought at an average cost of $2.00 per share, with a total value of $168,328.00. Following the completion of the transaction, the insider now directly owns 122,007 shares of the company’s stock, valued at $244,014. This trade represents a 222.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.47% of the company’s stock.

LogicMark Trading Up 2.9 %

LGMK opened at $1.78 on Thursday. LogicMark has a 1-year low of $1.64 and a 1-year high of $32.48. The company has a market cap of $3.29 million, a price-to-earnings ratio of -0.01 and a beta of 1.25. The company’s fifty day moving average price is $2.93 and its two-hundred day moving average price is $9.07.

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