Digital Ally, Inc. (NASDAQ:KUST) Stock Short Interest Report for September

Digital Ally, Inc. (NASDAQ:KUST) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 219,707 shares, an increase of 379.6% from the September 15th total of 45,813 shares. Currently, 33.7% of the shares of the company are sold short. Based on an average trading volume of 1,096,509 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KUST. Wall Street Zen upgraded Digital Ally from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

Digital Ally Price Performance

Shares of Digital Ally stock traded down $0.08 on Monday, reaching $3.89. 25,917 shares of the company traded hands, compared to its average volume of 250,306. The business has a 50 day moving average of $8.49. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.25. Digital Ally has a 52 week low of $3.55 and a 52 week high of $310.50. The stock has a market cap of $2.53 million, a price-to-earnings ratio of -0.02 and a beta of 1.39.

Digital Ally (NASDAQ:KUST) last posted its quarterly earnings results on Friday, August 14th. The company reported ($45.80) EPS for the quarter. Digital Ally had a negative return on equity of 277.67% and a negative net margin of 96.36%. The company had revenue of $5.38 million during the quarter.

About Digital Ally

Digital Ally, Inc was a technology company that developed and marketed digital video and related safety equipment for law enforcement, public-safety agencies, commercial fleets and other professional users. Its product portfolio historically included body-worn cameras, in-car video systems, interview-room recording equipment, digital video recorders and accessories.

The company also provided software and cloud-based services for managing, storing and reviewing recorded evidence. Its VuVault platform was designed to help organizations organize video files, control access and support evidence-management workflows.