Digital Ally, Inc. (NASDAQ:DGLY) Short Interest Up 207.1% in February

Digital Ally, Inc. (NASDAQ:DGLY) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 737,600 shares, an increase of 207.1% from the February 13th total of 240,200 shares. Based on an average daily trading volume, of 18,530,000 shares, the short-interest ratio is presently 0.0 days. Approximately 14.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Digital Ally in a research report on Tuesday. They issued a “sell” rating on the stock.

Digital Ally Stock Down 0.3 %

DGLY opened at $0.08 on Thursday. Digital Ally has a 1-year low of $0.06 and a 1-year high of $3.29. The company has a market capitalization of $761,280.00, a PE ratio of -0.01 and a beta of 1.06. The firm’s 50 day simple moving average is $0.24 and its two-hundred day simple moving average is $0.67. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61.

Digital Ally (NASDAQ:DGLY) last announced its quarterly earnings data on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share (EPS) for the quarter. Digital Ally had a negative return on equity of 407.65% and a negative net margin of 93.21%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP purchased a new stake in Digital Ally, Inc. (NASDAQ:DGLY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned 6.09% of Digital Ally at the end of the most recent reporting period. 4.19% of the stock is owned by hedge funds and other institutional investors.

About Digital Ally

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.