Short Interest in Digital Ally Inc./NV (NASDAQ:DGLY) Decreases By 46.0%

Digital Ally Inc./NV (NASDAQ:DGLY) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 58,073 shares, a decrease of 46.0% from the December 15th total of 107,534 shares. Based on an average daily trading volume, of 129,606 shares, the days-to-cover ratio is currently 0.4 days. Approximately 3.1% of the shares of the company are short sold. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 129,606 shares, the days-to-cover ratio is currently 0.4 days.

Digital Ally Inc./NV Price Performance

NASDAQ:DGLY traded up $0.06 during trading hours on Friday, reaching $0.82. 651,776 shares of the company were exchanged, compared to its average volume of 159,371. The company has a current ratio of 0.99, a quick ratio of 0.72 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.56 million, a PE ratio of 0.00 and a beta of 0.92. Digital Ally Inc./NV has a twelve month low of $0.60 and a twelve month high of $906.40. The stock’s 50-day moving average is $3.03 and its 200-day moving average is $4.87.

Digital Ally Inc./NV (NASDAQ:DGLY) last released its quarterly earnings results on Wednesday, November 12th. The scientific and technical instruments company reported ($1.77) earnings per share for the quarter, topping the consensus estimate of ($6.03) by $4.26. Digital Ally Inc./NV had a negative net margin of 45.36% and a negative return on equity of 190.13%. The firm had revenue of $4.54 million during the quarter, compared to the consensus estimate of $3.60 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Digital Ally Inc./NV in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Digital Ally Inc./NV currently has a consensus rating of “Moderate Buy”.

About Digital Ally Inc./NV

Digital Ally, Inc, headquartered in Lenexa, Kansas, is a technology company specializing in video imaging and data capture systems for law enforcement, commercial fleets, security agencies and tactical operations. Founded in 2004, Digital Ally is listed on the NASDAQ under the ticker DGLY and has established itself as a supplier of high-performance digital recording equipment designed to withstand the rigors of public safety and field environments.

The company’s core product offerings include in-vehicle digital video recorders (DVRs), body-worn cameras and integrated video management solutions that enable real-time monitoring, event recording and evidence preservation.