Socket Mobile, Inc. (NASDAQ:SCKT) Sees Large Decline in Short Interest

Socket Mobile, Inc. (NASDAQ:SCKT) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 10,100 shares, a drop of 29.9% from the December 15th total of 14,400 shares. Based on an average daily trading volume, of 28,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Socket Mobile Trading Up 1.3 %

NASDAQ:SCKT traded up $0.02 during trading hours on Friday, hitting $1.53. 13,611 shares of the stock traded hands, compared to its average volume of 19,719. The firm has a market cap of $11.64 million, a price-to-earnings ratio of -6.95 and a beta of 1.02. The firm has a 50 day moving average price of $1.41 and a 200 day moving average price of $1.22. Socket Mobile has a fifty-two week low of $0.91 and a fifty-two week high of $1.62.

About Socket Mobile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.