Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Up 95.8% in March

Socket Mobile, Inc. (NASDAQ:SCKT) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 9,400 shares, a growth of 95.8% from the February 28th total of 4,800 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 18,200 shares, the short-interest ratio is presently 0.5 days.

Socket Mobile Stock Up 0.0 %

Shares of NASDAQ:SCKT traded up $0.00 during trading on Friday, reaching $1.16. The stock had a trading volume of 525 shares, compared to its average volume of 18,495. The stock has a fifty day simple moving average of $1.30 and a two-hundred day simple moving average of $1.29. The firm has a market capitalization of $8.78 million, a price-to-earnings ratio of -5.25 and a beta of 1.03. Socket Mobile has a 52 week low of $0.91 and a 52 week high of $1.72.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Socket Mobile stock. AMH Equity Ltd bought a new stake in Socket Mobile, Inc. (NASDAQ:SCKT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 116,300 shares of the company’s stock, valued at approximately $155,000. AMH Equity Ltd owned about 1.53% of Socket Mobile as of its most recent SEC filing. 3.76% of the stock is owned by hedge funds and other institutional investors.

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.