Short Interest in Digital Ally, Inc. (DGLY) Rises By 30.8%
Digital Ally, Inc. (NASDAQ:DGLY) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 933,337 shares, a growth of 30.8% from the October 13th total of 713,592 shares. Based on an average daily trading volume, of 569,177 shares, the short-interest ratio is presently 1.6 days. Currently, 16.1% of the shares of the stock are short sold.
Several brokerages recently weighed in on DGLY. Zacks Investment Research downgraded shares of Digital Ally from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Maxim Group set a $9.00 target price on shares of Digital Ally and gave the stock a “buy” rating in a report on Tuesday, August 15th. Westpark Capital set a $8.00 target price on shares of Digital Ally and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, ValuEngine downgraded shares of Digital Ally from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.
An institutional investor recently raised its position in Digital Ally stock. Wells Fargo & Company MN raised its stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,617 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,283 shares during the period. Wells Fargo & Company MN owned 0.64% of Digital Ally worth $157,000 as of its most recent filing with the Securities & Exchange Commission. 4.22% of the stock is currently owned by institutional investors.
Digital Ally (DGLY) opened at $2.30 on Thursday. Digital Ally has a 1-year low of $1.70 and a 1-year high of $6.00.
Digital Ally (NASDAQ:DGLY) last issued its earnings results on Monday, August 14th. The scientific and technical instruments company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The firm had revenue of $3.50 million during the quarter, compared to the consensus estimate of $4.95 million. Digital Ally had a negative return on equity of 179.20% and a negative net margin of 80.08%. The company’s quarterly revenue was down 20.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.54) EPS. sell-side analysts anticipate that Digital Ally will post -1.25 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This report was published by Daily Political and is owned by of Daily Political. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/11/16/short-interest-in-digital-ally-inc-dgly-rises-by-30-8.html.
About Digital Ally
Digital Ally, Inc produces digital video imaging and storage products for use in law enforcement, security and commercial applications. The Company’s products include in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets; a system that provides its law enforcement customers with audio/video surveillance from multiple vantage points and hands-free automatic activation of body-worn cameras and in-car video systems; a weather-resistant mobile digital video recording system for use on motorcycles, all-terrain vehicles (ATVs) and boats; a miniature digital video system designed to be worn on an individual’s body, and a hand-held laser speed detection device that it offers primarily to law enforcement agencies.
Receive News & Ratings for Digital Ally Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Ally Inc. and related companies with MarketBeat.com's FREE daily email newsletter.