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

Digital Ally, Inc. (NASDAQ:DGLY) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 130,300 shares, a drop of 8.7% from the May 15th total of 142,700 shares. Currently, 5.0% of the company’s stock are sold short. Based on an average daily trading volume, of 13,900 shares, the short-interest ratio is presently 9.4 days.

Digital Ally Stock Performance

Shares of Digital Ally stock traded down $0.16 during midday trading on Wednesday, hitting $2.75. The company had a trading volume of 18,036 shares, compared to its average volume of 11,253. The stock has a market cap of $7.92 million, a price-to-earnings ratio of -0.33 and a beta of 0.72. The company has a quick ratio of 0.48, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $2.67 and a 200 day simple moving average of $2.35. Digital Ally has a 12-month low of $1.73 and a 12-month high of $4.56.

Digital Ally (NASDAQ:DGLY) last posted its quarterly earnings results on Friday, May 17th. The scientific and technical instruments company reported ($1.37) earnings per share (EPS) for the quarter. Digital Ally had a negative return on equity of 155.99% and a negative net margin of 89.17%. The business had revenue of $5.53 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Digital Ally in a research report on Wednesday, June 12th. They issued a “sell” rating for the company.

About Digital Ally

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. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. 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; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.