Digital Ally, Inc. (NASDAQ:DGLY – Get Free Report) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 147,800 shares, a decrease of 5.6% from the March 15th total of 156,600 shares. Based on an average daily volume of 13,500 shares, the short-interest ratio is currently 10.9 days. Approximately 5.7% of the company’s shares are short sold.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Digital Ally in a research note on Wednesday. They issued a “sell” rating for the company.
View Our Latest Stock Report on DGLY
Digital Ally Price Performance
Institutional Investors Weigh In On Digital Ally
An institutional investor recently raised its position in Digital Ally stock. Virtu Financial LLC boosted its position in shares of Digital Ally, Inc. (NASDAQ:DGLY – Free Report) by 449.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,945 shares of the scientific and technical instruments company’s stock after buying an additional 61,305 shares during the quarter. Virtu Financial LLC owned approximately 0.15% of Digital Ally worth $59,000 as of its most recent filing with the Securities & Exchange Commission. 4.19% of the stock is owned by institutional investors and hedge funds.
Digital Ally Company Profile
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. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. 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; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.
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