Digital Ally, Inc. (NASDAQ:DGLY) Short Interest Down 7.6% in December

Digital Ally, Inc. (NASDAQ:DGLY) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 251,300 shares, a decline of 7.6% from the December 15th total of 272,100 shares. Based on an average daily volume of 324,300 shares, the days-to-cover ratio is currently 0.8 days. Approximately 4.8% of the company’s shares are short sold.

Digital Ally Trading Down 1.8 %

DGLY stock traded down $0.01 during mid-day trading on Friday, hitting $0.43. 111,999 shares of the company were exchanged, compared to its average volume of 501,197. Digital Ally has a 12-month low of $0.38 and a 12-month high of $3.29. The firm has a market capitalization of $2.39 million, a P/E ratio of -0.06 and a beta of 0.89. The business has a fifty day simple moving average of $0.63 and a 200-day simple moving average of $1.06. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 1.61.

Digital Ally (NASDAQ:DGLY) last posted its quarterly earnings data on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share for the quarter. Digital Ally had a negative return on equity of 407.65% and a negative net margin of 93.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Digital Ally in a research note on Tuesday, January 14th. They issued a “sell” rating on the stock.

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.