Short Interest in LogicMark, Inc. (NASDAQ:LGMK) Rises By 353.6%

LogicMark, Inc. (NASDAQ:LGMK) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 738,500 shares, an increase of 353.6% from the February 28th total of 162,800 shares. Approximately 12.5% of the company’s shares are sold short. Based on an average daily trading volume, of 2,530,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LogicMark stock. Anson Funds Management LP purchased a new position in LogicMark, Inc. (NASDAQ:LGMK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned about 5.88% of LogicMark as of its most recent SEC filing. Institutional investors and hedge funds own 7.88% of the company’s stock.

LogicMark Price Performance

Shares of LGMK stock opened at $0.09 on Thursday. The business has a 50-day moving average of $0.59 and a 200 day moving average of $1.85. The stock has a market capitalization of $462,053.80, a PE ratio of 0.00 and a beta of 1.36. LogicMark has a 1-year low of $0.08 and a 1-year high of $26.25.

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.