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

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 9,400 shares, a growth of 95.8% from the February 28th total of 4,800 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 18,200 shares, the short-interest ratio is currently 0.5 days.

Socket Mobile Price Performance

NASDAQ SCKT traded down $0.02 during trading hours on Friday, reaching $1.13. The company’s stock had a trading volume of 8,225 shares, compared to its average volume of 18,599. Socket Mobile has a 1-year low of $0.91 and a 1-year high of $1.72. The company’s 50-day moving average is $1.29 and its two-hundred day moving average is $1.29. The firm has a market capitalization of $8.59 million, a price-to-earnings ratio of -5.14 and a beta of 1.03.

Institutional Trading of Socket Mobile

An institutional investor recently bought a new position in Socket Mobile stock. AMH Equity Ltd acquired a new position in shares of Socket Mobile, Inc. (NASDAQ:SCKT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 116,300 shares of the company’s stock, valued at approximately $155,000. AMH Equity Ltd owned approximately 1.53% of Socket Mobile at the end of the most recent quarter. 3.76% of the stock is currently owned by institutional investors.

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.