Digital Ally, Inc. (NASDAQ:KUST) Short Interest Update

Digital Ally, Inc. (NASDAQ:KUST) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 189,609 shares, an increase of 76.7% from the August 15th total of 107,281 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average trading volume of 331,110 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of Digital Ally from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Digital Ally Stock Up 0.8%

Shares of KUST stock traded up $0.00 during trading hours on Wednesday, reaching $0.59. 98,121 shares of the company’s stock were exchanged, compared to its average volume of 2,642,290. Digital Ally has a fifty-two week low of $0.58 and a fifty-two week high of $34.12. The company has a market capitalization of $3.81 million, a PE ratio of -0.03 and a beta of 1.30. The business’s fifty day simple moving average is $1.06. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.25.

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

Insider Buying and Selling at Digital Ally

In related news, major shareholder Financial Lp Hrt sold 54,638 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $1.44, for a total value of $78,678.72. Following the completion of the sale, the insider directly owned 17,869 shares in the company, valued at approximately $25,731.36. The trade was a 75.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.01% of the company’s stock.

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.