Short Interest in SecureAlert Inc. (OTCMKTS:TRCK) Drops By 51.5%

by · The Cerbat Gem

SecureAlert Inc. (OTCMKTS:TRCK – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,721 shares, a drop of 51.5% from the May 14th total of 3,552 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 35,360 shares, the days-to-cover ratio is currently 0.0 days.

SecureAlert Stock Performance

Shares of OTCMKTS TRCK opened at $0.37 on Monday. SecureAlert has a 1 year low of $0.12 and a 1 year high of $0.79. The firm has a market cap of $15.09 million, a price-to-earnings ratio of 12.17 and a beta of 0.65. The stock’s 50-day simple moving average is $0.58 and its 200-day simple moving average is $0.44.

SecureAlert (OTCMKTS:TRCK – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter. SecureAlert had a negative return on equity of 31.89% and a net margin of 1.24%.The business had revenue of $8.94 million for the quarter.

About SecureAlert

(Get Free Report)

SecureAlert, trading under the symbol TRCK on the OTC Markets, is a provider of location-based safety and monitoring solutions designed to protect vulnerable populations such as seniors with dementia, children with special needs, and lone workers. The company offers a suite of wearable devices and asset tags that leverage proprietary geo-fencing and real-time tracking technologies. These devices connect to a secure network platform that generates alerts when a user exits a predefined safe zone or when other risk thresholds are breached.

At the core of SecureAlert’s product lineup are compact, wireless tracking units that can be worn or attached to personal belongings.

See Also