Digital Ally, Inc. (NASDAQ:KUST) Sees Large Increase in Short Interest

Digital Ally, Inc. (NASDAQ:KUST) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 317,435 shares, a growth of 180.0% from the June 15th total of 113,364 shares. Based on an average daily trading volume, of 12,111,254 shares, the days-to-cover ratio is presently 0.0 days. Currently, 50.6% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Digital Ally in a report on Wednesday, July 1st. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Insider Transactions at Digital Ally

In other Digital Ally news, major shareholder Financial Lp Hrt sold 54,638 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total value of $78,678.72. Following the completion of the transaction, the insider directly owned 17,869 shares of the company’s stock, valued at approximately $25,731.36. This trade represents a 75.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.01% of the company’s stock.

Digital Ally Price Performance

Shares of Digital Ally stock traded up $0.04 on Tuesday, hitting $1.01. The company’s stock had a trading volume of 989,445 shares, compared to its average volume of 1,639,703. Digital Ally has a 52-week low of $0.85 and a 52-week high of $36.90. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $636,300.00, a PE ratio of -0.02 and a beta of 1.35.

About Digital Ally

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 and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. 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; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.