Short Interest in Socket Mobile, Inc. (NASDAQ:SCKT) Declines By 47.3%

Socket Mobile, Inc. (NASDAQ:SCKT) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 6,900 shares, a drop of 47.3% from the May 15th total of 13,100 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 24,100 shares, the short-interest ratio is presently 0.3 days.

Socket Mobile Stock Performance

SCKT remained flat at $1.16 on Friday. 15,384 shares of the company were exchanged, compared to its average volume of 18,756. The firm has a market capitalization of $8.72 million, a P/E ratio of -5.52 and a beta of 0.83. The firm has a 50 day moving average price of $1.19 and a two-hundred day moving average price of $1.15. Socket Mobile has a one year low of $0.90 and a one year high of $1.59.

Socket Mobile (NASDAQ:SCKT) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $4.98 million for the quarter. Socket Mobile had a negative net margin of 8.38% and a negative return on equity of 7.77%.

Socket Mobile Company Profile

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.