Socket Mobile, Inc. (NASDAQ:SCKT) Sees Significant Growth in Short Interest

Socket Mobile, Inc. (NASDAQ:SCKT) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 15,900 shares, a growth of 69.1% from the March 15th total of 9,400 shares. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Socket Mobile

An institutional investor recently bought a new position in Socket Mobile stock. AMH Equity Ltd purchased a new stake in shares of Socket Mobile, Inc. (NASDAQ:SCKT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 116,300 shares of the company’s stock, valued at approximately $155,000. AMH Equity Ltd owned approximately 1.53% of Socket Mobile at the end of the most recent quarter. Hedge funds and other institutional investors own 3.76% of the company’s stock.

Socket Mobile Trading Up 0.9 %

Shares of SCKT traded up $0.01 during midday trading on Friday, hitting $1.15. 5,242 shares of the company’s stock traded hands, compared to its average volume of 18,420. The stock has a market capitalization of $9.15 million, a price-to-earnings ratio of -5.23 and a beta of 0.89. The firm’s fifty day moving average is $1.15 and its 200-day moving average is $1.28. Socket Mobile has a 1 year low of $0.91 and a 1 year high of $1.72.

About Socket Mobile

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.