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

Socket Mobile, Inc. (NASDAQ:SCKT) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 12,960 shares, an increase of 126.4% from the January 15th total of 5,725 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 23,216 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 23,216 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Socket Mobile in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Socket Mobile Stock Performance

Shares of NASDAQ:SCKT traded up $0.01 during trading on Thursday, reaching $1.09. 686 shares of the stock traded hands, compared to its average volume of 15,451. The stock has a market cap of $8.66 million, a P/E ratio of -2.86 and a beta of 1.50. The stock has a 50-day moving average of $1.13 and a two-hundred day moving average of $1.09. Socket Mobile has a 52-week low of $0.82 and a 52-week high of $1.37.

Socket Mobile Company Profile

Socket Mobile, Inc (NASDAQ:SCKT) is a provider of mobile data capture and wireless connectivity solutions, designing products that enable smartphones, tablets and PCs to collect and transmit information in a variety of business environments. The company specializes in Bluetooth-enabled barcode scanners, RFID readers and image-based data capture devices that streamline point-of-sale, inventory management and field-service workflows.

Its product portfolio includes handheld scanners that support 1D and 2D barcodes, near-field communication (NFC) readers and ultra-compact mobile scanners engineered for retail, hospitality, healthcare, transportation and warehousing applications.