LogicMark, Inc. (NASDAQ:LGMK) Short Interest Update

LogicMark, Inc. (NASDAQ:LGMK) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 313,000 shares, an increase of 72.8% from the July 15th total of 181,100 shares. Based on an average daily volume of 163,200 shares, the days-to-cover ratio is presently 1.9 days. Currently, 10.3% of the company’s shares are sold short.

LogicMark Stock Performance

NASDAQ:LGMK traded up $0.00 during trading hours on Friday, reaching $0.16. The company’s stock had a trading volume of 452,820 shares, compared to its average volume of 446,703. The firm has a market capitalization of $343,391.10, a price-to-earnings ratio of -0.01 and a beta of 1.28. The firm has a 50-day simple moving average of $0.53 and a 200-day simple moving average of $0.79. LogicMark has a 1 year low of $0.13 and a 1 year high of $2.88.

LogicMark (NASDAQ:LGMK) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.85) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.88) by $0.03. LogicMark had a negative net margin of 148.63% and a negative return on equity of 86.78%. The firm had revenue of $2.61 million for the quarter, compared to analysts’ expectations of $2.84 million. Equities analysts anticipate that LogicMark will post -3.85 earnings per share for the current fiscal year.

About LogicMark

LogicMark, Inc provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company's devices provide people with the ability to receive care at home and age independently and to check, manage, and monitor a loved one's health and safety remotely.