Digital Ally, Inc. (NASDAQ:KUST) Stock Short Interest Report for September

Digital Ally, Inc. (NASDAQ:KUST) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 219,707 shares, an increase of 379.6% from the September 15th total of 45,813 shares. Approximately 33.7% of the company’s stock are sold short. Based on an average daily trading volume, of 1,096,509 shares, the short-interest ratio is presently 0.2 days.

Digital Ally Trading Down 4.1%

NASDAQ KUST traded down $0.17 during mid-day trading on Friday, hitting $3.97. The company’s stock had a trading volume of 11,652 shares, compared to its average volume of 102,770. The stock has a market capitalization of $2.58 million, a price-to-earnings ratio of -0.02 and a beta of 1.39. The firm’s 50 day moving average price is $8.49. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.25. Digital Ally has a twelve month low of $3.76 and a twelve month high of $324.00.

Digital Ally (NASDAQ:KUST) last released its quarterly earnings data on Friday, August 14th. The company reported ($45.80) earnings per share for the quarter. Digital Ally had a negative return on equity of 277.67% and a negative net margin of 96.36%. The business had revenue of $5.38 million for the quarter.

Wall Street Analyst Weigh In

KUST has been the subject of a number of research analyst reports. Wall Street Zen raised Digital Ally from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Digital Ally currently has an average rating of “Sell”.

Digital Ally Company Profile

Digital Ally, Inc was a technology company that developed and marketed digital video and related safety equipment for law enforcement, public-safety agencies, commercial fleets and other professional users. Its product portfolio historically included body-worn cameras, in-car video systems, interview-room recording equipment, digital video recorders and accessories.

The company also provided software and cloud-based services for managing, storing and reviewing recorded evidence. Its VuVault platform was designed to help organizations organize video files, control access and support evidence-management workflows.