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

Digital Ally, Inc. (NASDAQ:DGLY) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 240,200 shares, a growth of 48.0% from the January 31st total of 162,300 shares. Based on an average daily volume of 13,370,000 shares, the days-to-cover ratio is currently 0.0 days.

Digital Ally Trading Down 13.4 %

Shares of Digital Ally stock traded down $0.01 during trading on Tuesday, reaching $0.06. The company’s stock had a trading volume of 38,031,921 shares, compared to its average volume of 24,804,029. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 1.61. Digital Ally has a 52-week low of $0.06 and a 52-week high of $3.29. The firm’s 50-day moving average is $0.30 and its two-hundred day moving average is $0.72. The company has a market cap of $603,840.00, a price-to-earnings ratio of -0.01 and a beta of 0.85.

Digital Ally (NASDAQ:DGLY) last posted its quarterly earnings results on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share 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 initiated coverage on Digital Ally in a research report on Monday. They issued a “sell” rating for the company.

Institutional Investors Weigh In On Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP acquired a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned 6.09% of Digital Ally as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 4.19% of the company’s 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.