Socket Mobile, Inc. (NASDAQ:SCKT) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 22,100 shares, an increase of 18.8% from the June 30th total of 18,600 shares. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is currently 1.9 days. Currently, 0.6% of the company’s shares are short sold.

Shares of SCKT traded down $0.14 during midday trading on Wednesday, hitting $2.31. 2,029 shares of the stock were exchanged, compared to its average volume of 11,510. Socket Mobile has a 52-week low of $1.35 and a 52-week high of $2.80. The stock’s fifty day moving average is $2.41. The company has a quick ratio of 0.82, a current ratio of 1.28 and a debt-to-equity ratio of 0.10.

Socket Mobile (NASDAQ:SCKT) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.02 EPS for the quarter. Socket Mobile had a negative return on equity of 0.61% and a negative net margin of 0.42%. The business had revenue of $5.06 million during the quarter.

About Socket Mobile

Socket Mobile, Inc produces data capture products for mobile applications used in business mobility markets in the United States, Europe, Asia, and internationally. The company's products are incorporated into mobile applications used in mobile point of sale, enterprise mobility, asset tracking, control systems, logistics, event management, medical, and education.

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