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

LogicMark, Inc. (NASDAQ:LGMK) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 469,000 shares, a growth of 1,043.9% from the January 31st total of 41,000 shares. Currently, 10.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On LogicMark

An institutional investor recently bought a new position in LogicMark stock. Anson Funds Management LP acquired a new position in LogicMark, Inc. (NASDAQ:LGMK) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned 5.88% of LogicMark as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 7.88% of the company’s stock.

LogicMark Stock Down 11.7 %

Shares of NASDAQ:LGMK opened at $0.18 on Friday. The firm has a 50 day moving average of $1.09 and a 200 day moving average of $2.41. LogicMark has a 52 week low of $0.18 and a 52 week high of $32.25. The company has a market capitalization of $502,701.00, a price-to-earnings ratio of 0.00 and a beta of 1.15.

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.