Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Up 69.1% in March

by · The Cerbat Gem

Socket Mobile, Inc. (NASDAQ:SCKT – Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 15,900 shares, a growth of 69.1% from the March 15th total of 9,400 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,600 shares, the days-to-cover ratio is presently 1.0 days.

Socket Mobile Trading Up 0.9 %

Shares of NASDAQ:SCKT traded up $0.01 during trading on Friday, reaching $1.15. The company’s stock had a trading volume of 5,242 shares, compared to its average volume of 18,420. The firm’s 50 day simple moving average is $1.15 and its two-hundred day simple moving average is $1.28. Socket Mobile has a 12 month low of $0.91 and a 12 month high of $1.72. The stock has a market capitalization of $9.15 million, a PE ratio of -5.23 and a beta of 0.89.

Hedge Funds Weigh In On Socket Mobile

An institutional investor recently raised its position in Socket Mobile stock. Renaissance Technologies LLC boosted its position in shares of Socket Mobile, Inc. (NASDAQ:SCKT – Free Report) by 77.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,200 shares of the company’s stock after buying an additional 19,700 shares during the quarter. Renaissance Technologies LLC owned 0.59% of Socket Mobile worth $60,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 3.76% of the company’s stock.

Socket Mobile Company Profile

(Get Free Report)

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.

Recommended Stories