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

Digital Ally, Inc. (NASDAQ:KUST) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 317,435 shares, a growth of 180.0% from the June 15th total of 113,364 shares. Currently, 50.6% of the company’s stock are short sold. Based on an average daily volume of 12,111,254 shares, the days-to-cover ratio is currently 0.0 days.

Digital Ally Stock Up 1.3%

Shares of KUST stock traded up $0.01 during trading hours on Monday, reaching $0.97. 196,061 shares of the stock were exchanged, compared to its average volume of 1,644,680. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.99. Digital Ally has a 12-month low of $0.85 and a 12-month high of $36.90. The firm has a market capitalization of $608,958.00, a price-to-earnings ratio of -0.02 and a beta of 1.35.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of Digital Ally in a research report on Wednesday, July 1st. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Digital Ally has an average rating of “Sell”.

Insider Activity

In other news, major shareholder Financial Lp Hrt sold 54,638 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total value of $78,678.72. Following the completion of the transaction, the insider owned 17,869 shares of the company’s stock, valued at approximately $25,731.36. This trade represents a 75.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.01% of the company’s stock.

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 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.