Short Interest in LogicMark, Inc. (NASDAQ:LGMK) Decreases By 64.7%

LogicMark, Inc. (NASDAQ:LGMK) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totalling 437,200 shares, a decrease of 64.7% from the September 30th total of 1,240,000 shares. Based on an average daily volume of 14,720,000 shares, the short-interest ratio is currently 0.0 days. Approximately 27.2% of the shares of the company are sold short.

Insider Transactions at LogicMark

In other LogicMark news, major shareholder Winvest Investment Fund Manage purchased 2,104,107 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was acquired at an average price of $0.08 per share, for a total transaction of $168,328.56. Following the purchase, the insider now owns 3,050,187 shares of the company’s stock, valued at approximately $244,014.96. This represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.37% of the stock is currently owned by company insiders.

LogicMark Price Performance

Shares of NASDAQ:LGMK remained flat at $0.10 during trading on Friday. 12,082,619 shares of the company were exchanged, compared to its average volume of 4,817,859. LogicMark has a 1 year low of $0.08 and a 1 year high of $2.20. The company’s 50 day moving average price is $0.15 and its 200 day moving average price is $0.48. The stock has a market cap of $229,366.80, a PE ratio of -0.01 and a beta of 1.22.

LogicMark (NASDAQ:LGMK) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.96) EPS for the quarter, beating analysts’ consensus estimates of ($1.07) by $0.11. LogicMark had a negative net margin of 146.14% and a negative return on equity of 104.48%. The firm had revenue of $2.34 million during the quarter, compared to the consensus estimate of $2.37 million. On average, equities analysts predict that LogicMark will post -2.15 EPS for the current fiscal year.

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.