Digital Ally, Inc. (NASDAQ:KUST) Short Interest Down 84.6% in August

Digital Ally, Inc. (NASDAQ:KUST) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 107,281 shares, a drop of 84.6% from the July 30th total of 695,577 shares. Based on an average daily volume of 2,052,916 shares, the short-interest ratio is presently 0.1 days. Currently, 1.6% of the shares of the company are sold short.

Digital Ally Stock Performance

Shares of KUST traded up $0.03 during trading hours on Thursday, hitting $0.97. The stock had a trading volume of 102,700 shares, compared to its average volume of 4,256,900. The business’s 50-day moving average is $1.14. Digital Ally has a fifty-two week low of $0.85 and a fifty-two week high of $36.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.80 and a quick ratio of 0.78.

Digital Ally (NASDAQ:KUST) last released its quarterly earnings results on Friday, August 14th. The company reported ($4.58) EPS for the quarter. The firm had revenue of $5.38 million for the quarter. Digital Ally had a negative net margin of 96.36% and a negative return on equity of 277.67%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KUST shares. Wall Street Zen raised Digital Ally from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings lowered Digital Ally from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Digital Ally presently has an average rating of “Sell”.

Insider Transactions at Digital Ally

In related news, major shareholder Financial Lp Hrt sold 54,638 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total transaction of $78,678.72. Following the completion of the transaction, the insider directly owned 17,869 shares in the company, valued at $25,731.36. The trade was a 75.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.01% of the stock is owned by corporate insiders.

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.