Digital Ally, Inc. (NASDAQ:KUST) Stock Short Interest Drops 51.9%

Digital Ally, Inc. (NASDAQ:KUST) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 105,752 shares, a decrease of 51.9% from the September 30th total of 219,707 shares. Based on an average daily trading volume, of 79,874 shares, the short-interest ratio is currently 1.3 days. Approximately 16.2% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research firms have issued reports on KUST. Wall Street Zen upgraded shares of Digital Ally from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings lowered shares of Digital Ally from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Digital Ally Stock Performance

Shares of NASDAQ KUST traded up $0.05 during mid-day trading on Friday, reaching $3.26. 1,131 shares of the company traded hands, compared to its average volume of 45,721. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.25. The stock has a market cap of $2.12 million, a PE ratio of -0.02 and a beta of 1.39. The company’s fifty day moving average is $5.92. Digital Ally has a fifty-two week low of $2.97 and a fifty-two week high of $267.00.

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

Digital Ally Company Profile

Digital Ally, Inc historically developed and sold video-recording, security and public-safety technology. Its products included body-worn cameras, in-car video systems, fleet and asset-tracking solutions, and related software designed to help law-enforcement agencies, commercial fleets and other organizations capture, manage and preserve digital evidence.

The company also offered cloud-based evidence-management and video-storage services, as well as products used for workforce monitoring and safety applications.