Short Interest in Socket Mobile, Inc. (NASDAQ:SCKT) Grows By 69.1%

Socket Mobile, Inc. (NASDAQ:SCKT) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 15,900 shares, an increase of 69.1% from the March 15th total of 9,400 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 16,600 shares, the short-interest ratio is currently 1.0 days.

Socket Mobile Trading Up 0.9 %

Shares of NASDAQ SCKT opened at $1.15 on Friday. Socket Mobile has a one year low of $0.91 and a one year high of $1.72. The business has a fifty day simple moving average of $1.15 and a 200 day simple moving average of $1.28. The firm has a market capitalization of $9.15 million, a price-to-earnings ratio of -5.23 and a beta of 0.89.

Institutional Trading of Socket Mobile

A hedge fund recently bought a new stake in Socket Mobile stock. AMH Equity Ltd acquired a new stake in Socket Mobile, Inc. (NASDAQ:SCKT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 116,300 shares of the company’s stock, valued at approximately $155,000. AMH Equity Ltd owned 1.53% of Socket Mobile at the end of the most recent quarter. 3.76% of the stock is owned by institutional investors.

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.