Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Up 95.9% in May

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 62,508 shares, a growth of 95.9% from the May 14th total of 31,908 shares. Based on an average daily trading volume, of 178,904 shares, the short-interest ratio is presently 0.3 days. Approximately 1.7% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Socket Mobile in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Socket Mobile currently has an average rating of “Sell”.

Socket Mobile Price Performance

Shares of SCKT stock traded down $0.02 during trading hours on Friday, reaching $0.91. 207,336 shares of the stock were exchanged, compared to its average volume of 229,184. The business’s fifty day moving average is $0.89 and its two-hundred day moving average is $1.01. Socket Mobile has a 12-month low of $0.81 and a 12-month high of $1.36. The firm has a market capitalization of $7.49 million, a P/E ratio of -0.51 and a beta of 1.21.

Socket Mobile (NASDAQ:SCKT) last issued its earnings results on Tuesday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter. Socket Mobile had a negative net margin of 96.43% and a negative return on equity of 142.25%. The company had revenue of $3.70 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Socket Mobile stock. MV Capital Management Inc. bought a new stake in Socket Mobile, Inc. (NASDAQ:SCKT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 96,917 shares of the company’s stock, valued at approximately $99,000. MV Capital Management Inc. owned approximately 1.21% of Socket Mobile at the end of the most recent quarter. Institutional investors and hedge funds own 3.76% of the company’s stock.

Socket Mobile Company Profile

Socket Mobile, Inc (NASDAQ:SCKT) is a provider of mobile data capture and wireless connectivity solutions, designing products that enable smartphones, tablets and PCs to collect and transmit information in a variety of business environments. The company specializes in Bluetooth-enabled barcode scanners, RFID readers and image-based data capture devices that streamline point-of-sale, inventory management and field-service workflows.

Its product portfolio includes handheld scanners that support 1D and 2D barcodes, near-field communication (NFC) readers and ultra-compact mobile scanners engineered for retail, hospitality, healthcare, transportation and warehousing applications.