LogicMark, Inc. (NASDAQ:LGMK) Short Interest Update

LogicMark, Inc. (NASDAQ:LGMK) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 738,500 shares, a growth of 353.6% from the February 28th total of 162,800 shares. Approximately 12.5% of the company’s stock are short sold. Based on an average trading volume of 2,530,000 shares, the days-to-cover ratio is currently 0.3 days.

LogicMark Trading Down 50.2 %

Shares of NASDAQ LGMK traded down $0.03 during midday trading on Friday, reaching $0.03. The company’s stock had a trading volume of 149,565,679 shares, compared to its average volume of 1,842,216. LogicMark has a fifty-two week low of $0.02 and a fifty-two week high of $26.25. The stock has a 50 day simple moving average of $0.57 and a 200-day simple moving average of $1.84. The stock has a market capitalization of $127,152.40, a price-to-earnings ratio of 0.00 and a beta of 1.36.

Institutional Investors Weigh In On LogicMark

A hedge fund recently bought a new stake in LogicMark stock. Anson Funds Management LP bought a new position in shares of LogicMark, Inc. (NASDAQ:LGMK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned approximately 5.88% of LogicMark as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 7.88% of the company’s stock.

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.