Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Update

Socket Mobile, Inc. (NASDAQ:SCKT) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 9,300 shares, a decrease of 17.7% from the September 30th total of 11,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is currently 0.6 days.

Socket Mobile Price Performance

SCKT traded down $0.01 during trading hours on Wednesday, reaching $1.09. The company’s stock had a trading volume of 22,972 shares, compared to its average volume of 16,738. The business’s 50-day moving average is $1.16 and its 200-day moving average is $1.15. The stock has a market cap of $8.28 million, a PE ratio of -5.00 and a beta of 0.82. Socket Mobile has a fifty-two week low of $0.91 and a fifty-two week high of $1.53.

Socket Mobile (NASDAQ:SCKT) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.08) EPS for the quarter. The business had revenue of $5.08 million during the quarter. Socket Mobile had a negative net margin of 7.46% and a negative return on equity of 7.15%.

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.