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

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

Analysts Set New Price Targets

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

Digital Ally Inc./NV Stock Up 8.0%

Shares of NASDAQ DGLY traded up $0.06 on Thursday, reaching $0.82. 651,776 shares of the company’s stock traded hands, compared to its average volume of 159,371. The business’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $4.90. Digital Ally Inc./NV has a 12 month low of $0.60 and a 12 month high of $906.40. The company has a market cap of $1.56 million, a price-to-earnings ratio of 0.00 and a beta of 0.92. The company has a quick ratio of 0.72, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

Digital Ally Inc./NV (NASDAQ:DGLY) last posted 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. The company had revenue of $4.54 million for the quarter, compared to the consensus estimate of $3.60 million. Digital Ally Inc./NV had a negative return on equity of 190.13% and a negative net margin of 45.36%.

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.