Socket Mobile, Inc. (NASDAQ:SCKT) Sees Large Decline in Short Interest

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 10,100 shares, a drop of 29.9% from the December 15th total of 14,400 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,000 shares, the days-to-cover ratio is currently 0.4 days.

Socket Mobile Stock Up 1.1 %

Shares of NASDAQ SCKT traded up $0.02 during mid-day trading on Wednesday, reaching $1.49. 10,748 shares of the company were exchanged, compared to its average volume of 22,350. The company’s 50 day moving average price is $1.39 and its 200 day moving average price is $1.22. Socket Mobile has a 52 week low of $0.91 and a 52 week high of $1.62. The stock has a market capitalization of $11.30 million, a PE ratio of -6.75 and a beta of 1.02.

About Socket Mobile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.