Digital Ally, Inc. (NASDAQ:DGLY) Sees Large Increase in Short Interest

Digital Ally, Inc. (NASDAQ:DGLY) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 323,800 shares, an increase of 7.3% from the November 15th total of 301,700 shares. Based on an average daily volume of 171,100 shares, the days-to-cover ratio is currently 1.9 days. Currently, 7.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Digital Ally in a report on Friday. They set a “sell” rating on the stock.

Digital Ally Stock Performance

DGLY traded down $0.12 during trading hours on Tuesday, hitting $0.60. 797,984 shares of the stock were exchanged, compared to its average volume of 513,816. The stock has a market cap of $2.94 million, a price-to-earnings ratio of -0.08 and a beta of 0.82. The stock has a 50-day simple moving average of $0.88 and a 200-day simple moving average of $1.44. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.51 and a quick ratio of 0.43. Digital Ally has a 12 month low of $0.51 and a 12 month high of $3.29.

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. 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.