Short Interest in Digital Ally, Inc. (NASDAQ:DGLY) Decreases By 7.6%

Digital Ally, Inc. (NASDAQ:DGLY) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 251,300 shares, a decrease of 7.6% from the December 15th total of 272,100 shares. Based on an average trading volume of 324,300 shares, the days-to-cover ratio is presently 0.8 days. Approximately 4.8% of the company’s stock are sold short.

Analyst Ratings Changes

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

Digital Ally Stock Performance

Shares of NASDAQ DGLY traded down $0.01 during trading on Friday, reaching $0.43. 111,999 shares of the company traded hands, compared to its average volume of 501,197. Digital Ally has a 12-month low of $0.38 and a 12-month high of $3.29. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 1.61. The stock has a market cap of $2.39 million, a P/E ratio of -0.06 and a beta of 0.89. The firm’s fifty day simple moving average is $0.63 and its 200 day simple moving average is $1.08.

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

Digital Ally Company Profile

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.