Short Interest in Digital Ally, Inc. (NASDAQ:DGLY) Decreases By 5.6%

Digital Ally, Inc. (NASDAQ:DGLY) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 147,800 shares, a decrease of 5.6% from the March 15th total of 156,600 shares. Approximately 5.7% of the company’s shares are short sold. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 10.9 days.

Digital Ally Price Performance

Shares of DGLY stock opened at $2.15 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.52 and a current ratio of 0.69. The company’s 50-day simple moving average is $2.31 and its two-hundred day simple moving average is $2.23. Digital Ally has a one year low of $1.73 and a one year high of $5.79.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Digital Ally in a research note on Tuesday, April 9th. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On Digital Ally

A hedge fund recently raised its stake in Digital Ally stock. BlackRock Inc. grew its stake in Digital Ally, Inc. (NASDAQ:DGLY) by 159.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,457,820 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,512,005 shares during the period. BlackRock Inc. owned 4.56% of Digital Ally worth $1,121,000 at the end of the most recent reporting period. 4.19% of the stock is owned by institutional investors.

Digital Ally Company Profile

Digital Ally, Inc produces and sells digital video imaging, storage, and disinfectant and related safety products for use in law enforcement, security, and commercial applications in the United States. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. The company offers in-car digital video mirror systems for law enforcement; in-car digital video event recorder systems for commercial fleets; a suite of data management web-based tools to assist fleet managers in the organization, archival, and management of videos and telematics information; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.