Short Interest in Socket Mobile, Inc. (NASDAQ:SCKT) Rises By 18.8%

Socket Mobile, Inc. (NASDAQ:SCKT) was the target of a large increase in short interest during 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 days-to-cover ratio is currently 1.9 days. Currently, 0.6% of the shares of the company are short sold.

NASDAQ:SCKT remained flat at $$2.43 during mid-day trading on Thursday. The company’s stock had a trading volume of 4,340 shares, compared to its average volume of 11,463. Socket Mobile has a fifty-two week low of $1.35 and a fifty-two week high of $2.80. The business’s 50-day simple moving average is $2.41. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10.

Socket Mobile (NASDAQ:SCKT) last issued its earnings results on Thursday, July 25th. The company reported $0.02 earnings per share 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.

Socket Mobile Company Profile

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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