Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Down 38.0% in August
Socket Mobile, Inc. (NASDAQ:SCKT) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 13,700 shares, a decrease of 38.0% from the July 31st total of 22,100 shares. Based on an average daily trading volume, of 11,400 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the shares of the company are short sold.
SCKT stock traded down $0.04 during midday trading on Friday, reaching $2.33. 100 shares of the company’s stock traded hands, compared to its average volume of 5,997. Socket Mobile has a 52-week low of $1.35 and a 52-week high of $2.80. The company has a quick ratio of 0.88, a current ratio of 1.32 and a debt-to-equity ratio of 0.08. The stock’s 50-day moving average is $2.44 and its 200 day moving average is $2.26.
Socket Mobile (NASDAQ:SCKT) last announced its earnings results on Thursday, July 25th. The company reported $0.02 EPS for the quarter. The business had revenue of $5.06 million during the quarter. Socket Mobile had a negative net margin of 0.42% and a negative return on equity of 0.61%.
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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