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

LogicMark, Inc. (NASDAQ:LGMK) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 469,000 shares, an increase of 1,043.9% from the January 31st total of 41,000 shares. Approximately 10.0% of the shares of the company are sold short. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is currently 0.4 days.

LogicMark Stock Performance

NASDAQ:LGMK traded up $0.00 during trading hours on Thursday, reaching $0.20. The stock had a trading volume of 3,654,628 shares, compared to its average volume of 1,985,617. The stock has a market capitalization of $557,641.00, a PE ratio of 0.00 and a beta of 1.15. The company has a 50 day moving average price of $1.15 and a two-hundred day moving average price of $2.46. LogicMark has a 52 week low of $0.18 and a 52 week high of $32.25.

Institutional Investors Weigh In On LogicMark

A hedge fund recently bought a new stake in LogicMark stock. Anson Funds Management LP bought a new stake in LogicMark, Inc. (NASDAQ:LGMK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned about 5.88% of LogicMark at the end of the most recent reporting period. 7.88% of the stock is currently owned by institutional investors and hedge funds.

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.