Digital Ally, Inc. (NASDAQ:DGLY) Sees Significant Drop in Short Interest

Digital Ally, Inc. (NASDAQ:DGLY) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 251,300 shares, a drop of 7.6% from the December 15th total of 272,100 shares. Approximately 4.8% of the company’s stock are sold short. Based on an average daily volume of 324,300 shares, the short-interest ratio is currently 0.8 days.

Digital Ally Stock Performance

DGLY traded down $0.01 during midday trading on Monday, hitting $0.43. 111,999 shares of the company traded hands, compared to its average volume of 501,197. The company’s 50-day moving average is $0.63 and its 200 day moving average is $1.06. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $2.39 million, a PE ratio of -0.06 and a beta of 0.89. Digital Ally has a 52 week low of $0.38 and a 52 week high of $3.29.

Digital Ally (NASDAQ:DGLY) last issued its quarterly earnings data on Monday, December 30th. The scientific and technical instruments company reported ($0.91) EPS for the quarter. Digital Ally had a negative return on equity of 407.65% and a negative net margin of 93.21%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Digital Ally in a research note on Tuesday, January 14th. They set a “sell” rating on the stock.

Digital Ally Company Profile

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.