Short Interest in Digital Ally, Inc. (NASDAQ:DGLY) Increases By 7.3%

Digital Ally, Inc. (NASDAQ:DGLY) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 323,800 shares, a growth of 7.3% from the November 15th total of 301,700 shares. Currently, 7.2% of the company’s stock are sold short. Based on an average trading volume of 171,100 shares, the days-to-cover ratio is currently 1.9 days.

Digital Ally Stock Down 16.4 %

Shares of Digital Ally stock traded down $0.12 during trading hours on Tuesday, hitting $0.60. 796,553 shares of the company’s stock traded hands, compared to its average volume of 513,810. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.61. Digital Ally has a twelve month low of $0.51 and a twelve month high of $3.29. The stock has a 50 day simple moving average of $0.88 and a 200-day simple moving average of $1.44. The company has a market cap of $2.94 million, a PE ratio of -0.08 and a beta of 0.82.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Digital Ally in a research report on Friday. They set a “sell” rating on the stock.

About Digital Ally

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.