LogicMark, Inc. (NASDAQ:LGMK) Short Interest Up 1,043.9% in February

LogicMark, Inc. (NASDAQ:LGMK) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 469,000 shares, a growth of 1,043.9% from the January 31st total of 41,000 shares. Currently, 10.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On LogicMark

A hedge fund recently bought a new stake in LogicMark stock. Anson Funds Management LP acquired a new stake in LogicMark, Inc. (NASDAQ:LGMK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned 5.88% of LogicMark as of its most recent SEC filing. 7.88% of the stock is owned by hedge funds and other institutional investors.

LogicMark Trading Up 4.2 %

Shares of NASDAQ:LGMK opened at $0.21 on Friday. LogicMark has a twelve month low of $0.18 and a twelve month high of $32.25. The firm has a market cap of $569,453.10, a P/E ratio of 0.00 and a beta of 1.15. The company has a 50 day moving average of $1.12 and a 200-day moving average of $2.44.

About LogicMark

LogicMark, Inc provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company’s devices provide people with the ability to receive care at home and age independently and to check, manage, and monitor a loved one’s health and safety remotely.