Short Interest in Digital Ally, Inc. (NASDAQ:DGLY) Decreases By 7.6%

Digital Ally, Inc. (NASDAQ:DGLY) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 251,300 shares, a drop of 7.6% from the December 15th total of 272,100 shares. Based on an average trading volume of 324,300 shares, the days-to-cover ratio is presently 0.8 days. Approximately 4.8% of the shares of the stock are short sold.

Digital Ally Price Performance

Shares of DGLY stock traded down $0.01 during trading hours on Friday, reaching $0.43. The company had a trading volume of 111,999 shares, compared to its average volume of 501,197. Digital Ally has a 12-month low of $0.38 and a 12-month high of $3.29. The company has a market capitalization of $2.39 million, a price-to-earnings ratio of -0.06 and a beta of 0.89. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.44 and a current ratio of 0.52. The stock has a fifty day moving average of $0.63 and a 200-day moving average of $1.08.

Digital Ally (NASDAQ:DGLY) last issued its earnings results on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share (EPS) for the quarter. Digital Ally had a negative return on equity of 407.65% and a negative net margin of 93.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Digital Ally in a research report on Tuesday. They issued a “sell” rating for the company.

About Digital Ally

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.