Logiq, Inc. (OTCMKTS:LGIQ) Short Interest Update

Logiq, Inc. (OTCMKTS:LGIQ) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 19,100 shares, a decrease of 80.9% from the August 15th total of 100,200 shares. Based on an average daily volume of 160,100 shares, the days-to-cover ratio is currently 0.1 days.

Shares of Logiq stock traded up $0.04 during trading on Wednesday, hitting $3.51. 87,619 shares of the stock traded hands, compared to its average volume of 68,729. The stock has a market cap of $80.73 million, a price-to-earnings ratio of -2.72 and a beta of 2.46. The firm’s fifty day moving average is $3.03 and its 200-day moving average is $4.27. Logiq has a 52 week low of $2.03 and a 52 week high of $14.00.

Logiq (OTCMKTS:LGIQ) last announced its quarterly earnings data on Monday, August 16th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). Logiq had a negative net margin of 63.60% and a negative return on equity of 75.67%. The firm had revenue of $8.30 million for the quarter, compared to the consensus estimate of $7.80 million. As a group, sell-side analysts expect that Logiq will post -0.65 earnings per share for the current year.

Logiq Company Profile

Logiq, Inc provides e-commerce, m-commerce, and fintech solutions. It operates through the following segments: DataLogiq and AppLogiq. The DataLogiq segment provides generation and e-commerce marketing solutions across vertical industries that include home repair, insurance and mortgage lending. It also offers a holistic, self-serve e-commerce marketing platform.

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