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

LogicMark, Inc. (NASDAQ:LGMK) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 246,400 shares, a growth of 352.9% from the November 30th total of 54,400 shares. Based on an average daily trading volume, of 1,100,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 12.2% of the shares of the company are short sold.

Insider Buying and Selling at LogicMark

In other LogicMark news, major shareholder Winvest Investment Fund Manage purchased 84,164 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of $2.00 per share, with a total value of $168,328.00. Following the completion of the acquisition, the insider now owns 122,007 shares in the company, valued at approximately $244,014. This represents a 222.40 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.47% of the stock is currently owned by company insiders.

LogicMark Trading Up 3.1 %

LGMK traded up $0.05 during trading hours on Thursday, hitting $1.68. The company’s stock had a trading volume of 168,756 shares, compared to its average volume of 337,137. The company has a 50-day simple moving average of $2.29 and a 200 day simple moving average of $6.50. The firm has a market capitalization of $3.42 million, a PE ratio of -0.01 and a beta of 1.15. LogicMark has a fifty-two week low of $1.41 and a fifty-two week high of $32.25.

LogicMark (NASDAQ:LGMK) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($5.00) EPS for the quarter, beating 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 return on equity of 124.91% and a negative net margin of 141.96%. During the same period last year, the company earned ($27.50) earnings per share. Research analysts expect that LogicMark will post -54.25 earnings per share for the current fiscal year.

LogicMark Company Profile

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.