Digital Ally, Inc. (NASDAQ:KUST) Short Interest Up 180.0% in June

Digital Ally, Inc. (NASDAQ:KUST) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 317,435 shares, a growth of 180.0% from the June 15th total of 113,364 shares. Based on an average daily volume of 12,111,254 shares, the days-to-cover ratio is presently 0.0 days. Currently, 50.6% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Digital Ally in a research report on Wednesday, July 1st. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Digital Ally currently has an average rating of “Sell”.

Insider Buying and Selling at Digital Ally

In related news, major shareholder Financial Lp Hrt sold 54,638 shares of Digital Ally stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total value of $78,678.72. Following the transaction, the insider directly owned 17,869 shares in the company, valued at $25,731.36. This trade represents a 75.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.01% of the stock is currently owned by corporate insiders.

Digital Ally Trading Up 32.2%

Shares of KUST stock traded up $0.33 during mid-day trading on Wednesday, reaching $1.33. The stock had a trading volume of 72,989,100 shares, compared to its average volume of 2,202,444. Digital Ally has a 12-month low of $0.85 and a 12-month high of $36.90. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The stock has a market cap of $841,050.00, a P/E ratio of -0.02 and a beta of 1.35.

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 and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. 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; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.