LogicMark, Inc. (NASDAQ:LGMK) Short Interest Up 170.8% in August

LogicMark, Inc. (NASDAQ:LGMK) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,530,000 shares, an increase of 170.8% from the August 15th total of 564,900 shares. Approximately 30.2% of the shares of the stock are sold short. Based on an average trading volume of 4,390,000 shares, the short-interest ratio is currently 0.3 days.

LogicMark Stock Performance

Shares of LGMK stock remained flat at $0.17 during midday trading on Thursday. 4,443,050 shares of the stock were exchanged, compared to its average volume of 1,689,661. The business’s fifty day moving average price is $0.34 and its 200 day moving average price is $0.68. LogicMark has a 52 week low of $0.13 and a 52 week high of $2.20. The stock has a market cap of $379,421.90, a price-to-earnings ratio of -0.02 and a beta of 1.24.

LogicMark (NASDAQ:LGMK) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.96) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.07) by $0.11. LogicMark had a negative net margin of 146.14% and a negative return on equity of 104.48%. The company had revenue of $2.34 million during the quarter, compared to the consensus estimate of $2.37 million. As a group, equities research analysts expect that LogicMark will post -2.15 EPS for the current year.

LogicMark Company Profile

LogicMark, Inc provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company's devices provide people with the ability to receive care at home and age independently and to check, manage, and monitor a loved one's health and safety remotely.