LogicMark, Inc. (NASDAQ:LGMK) Short Interest Down 97.4% in November

LogicMark, Inc. (NASDAQ:LGMK) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 100,400 shares, a decline of 97.4% from the October 31st total of 3,810,000 shares. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is currently 0.1 days. Currently, 20.5% of the company’s stock are sold short.

Insiders Place Their Bets

In other LogicMark news, major shareholder Winvest Investment Fund Manage bought 13,444 shares of LogicMark stock in a transaction dated Wednesday, October 9th. The stock was bought at an average cost of $2.50 per share, with a total value of $33,610.00. Following the completion of the acquisition, the insider now directly owns 37,828 shares in the company, valued at approximately $94,570. The trade was a 55.13 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.47% of the company’s stock.

LogicMark Stock Up 2.9 %

Shares of NASDAQ LGMK traded up $0.05 during trading hours on Thursday, reaching $1.78. 260,085 shares of the stock traded hands, compared to its average volume of 337,178. The company’s 50-day simple moving average is $2.93 and its two-hundred day simple moving average is $9.07. The company has a market capitalization of $3.29 million, a P/E ratio of -0.01 and a beta of 1.25. LogicMark has a 52-week low of $1.64 and a 52-week high of $32.48.

LogicMark (NASDAQ:LGMK) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($5.00) EPS for the quarter, topping analysts’ consensus estimates of ($10.75) by $5.75. LogicMark had a negative return on equity of 124.91% and a negative net margin of 141.96%. The company had revenue of $2.71 million during the quarter, compared to analyst estimates of $2.44 million. During the same quarter last year, the firm posted ($27.50) earnings per share. As a group, sell-side analysts forecast that LogicMark will post -54.25 earnings per share for the current fiscal year.

LogicMark Company Profile

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.