Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Down 30.4% in December

Socket Mobile, Inc. (NASDAQ:SCKT) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 6,442 shares, a drop of 30.4% from the December 15th total of 9,253 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 17,727 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 17,727 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Socket Mobile Trading Up 3.3%

Shares of Socket Mobile stock opened at $1.12 on Friday. The firm has a market cap of $8.93 million, a PE ratio of -2.95 and a beta of 1.49. The stock has a 50 day moving average of $1.15 and a 200 day moving average of $1.09. Socket Mobile has a 12 month low of $0.82 and a 12 month high of $1.72.

Socket Mobile (NASDAQ:SCKT) last released its quarterly earnings data on Wednesday, October 22nd. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $3.11 million during the quarter. Socket Mobile had a negative return on equity of 17.40% and a negative net margin of 18.48%.During the same quarter last year, the firm posted ($0.15) earnings per share.

Insider Buying and Selling

In other Socket Mobile news, Director Ivan Lazarev purchased 30,005 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average cost of $1.14 per share, with a total value of $34,205.70. Following the acquisition, the director owned 66,114 shares in the company, valued at approximately $75,369.96. This trade represents a 83.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders purchased 130,176 shares of company stock valued at $152,313. 48.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Socket Mobile in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Socket Mobile presently has a consensus rating of “Sell”.

About Socket Mobile

Socket Mobile, Inc (NASDAQ:SCKT) is a provider of mobile data capture and wireless connectivity solutions, designing products that enable smartphones, tablets and PCs to collect and transmit information in a variety of business environments. The company specializes in Bluetooth-enabled barcode scanners, RFID readers and image-based data capture devices that streamline point-of-sale, inventory management and field-service workflows.

Its product portfolio includes handheld scanners that support 1D and 2D barcodes, near-field communication (NFC) readers and ultra-compact mobile scanners engineered for retail, hospitality, healthcare, transportation and warehousing applications.