Digital Ally, Inc. (NASDAQ:KUST) Short Interest Update

Digital Ally, Inc. (NASDAQ:KUST) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 695,577 shares, an increase of 135.9% from the July 15th total of 294,883 shares. Based on an average trading volume of 10,408,188 shares, the short-interest ratio is currently 0.1 days. Approximately 110.9% of the company’s stock are sold short.

Analyst Ratings Changes

A number of research analysts have commented on KUST shares. Weiss Ratings upgraded Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. Wall Street Zen raised Digital Ally to a “sell” rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Digital Ally Stock Performance

KUST stock traded down $0.14 during trading hours on Friday, hitting $1.23. The company’s stock had a trading volume of 971,899 shares, compared to its average volume of 2,926,252. The company has a quick ratio of 0.77, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $774,900.00, a price-to-earnings ratio of -0.02 and a beta of 1.32. Digital Ally has a 12 month low of $0.85 and a 12 month high of $36.90.

Digital Ally (NASDAQ:KUST) last released its quarterly earnings results on Friday, August 14th. The company reported ($4.58) earnings per share for the quarter. Digital Ally had a negative net margin of 112.61% and a negative return on equity of 212.14%.

Insider Activity at Digital Ally

In other news, major shareholder Financial Lp Hrt sold 54,638 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1.44, for a total value of $78,678.72. Following the transaction, the insider directly owned 17,869 shares of the company’s stock, valued at approximately $25,731.36. This represents a 75.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.01% of the stock is currently owned by corporate insiders.

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 and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. 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; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.