Short Interest in Socket Mobile, Inc. (NASDAQ:SCKT) Grows By 27.4%

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 17,200 shares, a growth of 27.4% from the January 31st total of 13,500 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 22,500 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Socket Mobile stock. AMH Equity Ltd acquired a new stake in Socket Mobile, Inc. (NASDAQ:SCKT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 116,300 shares of the company’s stock, valued at approximately $155,000. AMH Equity Ltd owned 1.53% of Socket Mobile at the end of the most recent quarter. Institutional investors own 3.76% of the company’s stock.

Socket Mobile Trading Up 4.2 %

Shares of NASDAQ SCKT traded up $0.05 during mid-day trading on Thursday, hitting $1.24. The company had a trading volume of 345 shares, compared to its average volume of 21,240. Socket Mobile has a 1 year low of $0.91 and a 1 year high of $1.72. The company has a market capitalization of $9.43 million, a price-to-earnings ratio of -5.64 and a beta of 1.03. The stock’s 50-day moving average price is $1.39 and its 200-day moving average price is $1.29.

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.