Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Down 35.8% in September

Socket Mobile, Inc. (NASDAQ:SCKT) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 11,300 shares, a drop of 35.8% from the September 15th total of 17,600 shares. Based on an average trading volume of 12,900 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the shares of the stock are sold short.

Socket Mobile Trading Down 0.8 %

Shares of Socket Mobile stock traded down $0.01 during trading on Monday, hitting $1.17. The stock had a trading volume of 5,385 shares, compared to its average volume of 15,703. Socket Mobile has a 12 month low of $0.90 and a 12 month high of $1.53. The firm has a market cap of $8.89 million, a price-to-earnings ratio of -5.13 and a beta of 0.82. The business’s 50-day moving average is $1.10 and its 200 day moving average is $1.14.

Socket Mobile (NASDAQ:SCKT) last announced its earnings results on Wednesday, July 31st. The company reported ($0.08) earnings per share for the quarter. Socket Mobile had a negative return on equity of 8.33% and a negative net margin of 8.93%. The business had revenue of $5.08 million during the quarter.

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.