Digital Ally Inc./NV (NASDAQ:DGLY) Sees Significant Drop in Short Interest

Digital Ally Inc./NV (NASDAQ:DGLY) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 58,073 shares, a decrease of 46.0% from the December 15th total of 107,534 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 129,606 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 129,606 shares, the short-interest ratio is currently 0.4 days. Currently, 3.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Digital Ally Inc./NV in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Digital Ally Inc./NV currently has a consensus rating of “Moderate Buy”.

Digital Ally Inc./NV Price Performance

Shares of DGLY opened at $0.82 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.72 and a current ratio of 0.99. The company has a 50 day moving average price of $2.95 and a 200-day moving average price of $4.83. Digital Ally Inc./NV has a fifty-two week low of $0.60 and a fifty-two week high of $906.40. The stock has a market capitalization of $1.56 million, a PE ratio of 0.00 and a beta of 0.92.

Digital Ally Inc./NV (NASDAQ:DGLY) last issued its quarterly earnings data on Wednesday, November 12th. The scientific and technical instruments company reported ($1.77) EPS for the quarter, topping analysts’ consensus estimates of ($6.03) by $4.26. The company had revenue of $4.54 million during the quarter, compared to the consensus estimate of $3.60 million. Digital Ally Inc./NV had a negative net margin of 45.36% and a negative return on equity of 190.13%.

About Digital Ally Inc./NV

Digital Ally, Inc, headquartered in Lenexa, Kansas, is a technology company specializing in video imaging and data capture systems for law enforcement, commercial fleets, security agencies and tactical operations. Founded in 2004, Digital Ally is listed on the NASDAQ under the ticker DGLY and has established itself as a supplier of high-performance digital recording equipment designed to withstand the rigors of public safety and field environments.

The company’s core product offerings include in-vehicle digital video recorders (DVRs), body-worn cameras and integrated video management solutions that enable real-time monitoring, event recording and evidence preservation.