Short Interest in Digital Ally, Inc. (NASDAQ:DGLY) Declines By 7.6%

Digital Ally, Inc. (NASDAQ:DGLY) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 251,300 shares, a decrease 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 presently 0.8 days. Approximately 4.8% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Digital Ally Price Performance

DGLY traded down $0.01 on Friday, reaching $0.43. 111,999 shares of the company’s stock were exchanged, compared to its average volume of 501,197. Digital Ally has a twelve month low of $0.38 and a twelve month high of $3.29. The stock has a market cap of $2.39 million, a PE ratio of -0.06 and a beta of 0.89. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.52 and a quick ratio of 0.44. The stock’s fifty day moving average price is $0.63 and its 200-day moving average price is $1.06.

Digital Ally (NASDAQ:DGLY) last issued its earnings results 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%.

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.