Digital Ally, Inc. (NASDAQ:DGLY) Sees Large Decline in Short Interest

Digital Ally, Inc. (NASDAQ:DGLY) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 301,700 shares, a drop of 20.1% from the October 31st total of 377,500 shares. Based on an average daily volume of 177,600 shares, the short-interest ratio is presently 1.7 days. Currently, 6.7% of the company’s shares are short sold.

Digital Ally Trading Down 2.9 %

DGLY traded down $0.02 on Friday, hitting $0.78. 56,740 shares of the company were exchanged, compared to its average volume of 534,910. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.43 and a current ratio of 0.51. The firm has a fifty day simple moving average of $0.94 and a two-hundred day simple moving average of $1.63. The stock has a market capitalization of $3.81 million, a PE ratio of -0.11 and a beta of 0.87. Digital Ally has a 12 month low of $0.56 and a 12 month high of $3.29.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Digital Ally in a research report on Wednesday. They set a “sell” rating for the company.

Digital Ally Company Profile

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.