Digital Ally, Inc. (NASDAQ:KUST) Short Interest Update

Digital Ally, Inc. (NASDAQ:KUST) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 695,577 shares, an increase of 135.9% from the July 15th total of 294,883 shares. Based on an average daily volume of 10,408,188 shares, the short-interest ratio is presently 0.1 days. Approximately 110.9% of the company’s shares are sold short.

Insider Buying and Selling at Digital Ally

In related news, major shareholder Financial Lp Hrt sold 54,638 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1.44, for a total value of $78,678.72. Following the completion of the transaction, the insider owned 17,869 shares in the company, valued at $25,731.36. This trade represents a 75.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.01% of the stock is owned by company insiders.

Digital Ally Stock Down 10.2%

NASDAQ:KUST traded down $0.14 during trading hours on Friday, hitting $1.23. 971,899 shares of the company’s stock traded hands, compared to its average volume of 2,926,252. The firm has a market capitalization of $774,900.00, a price-to-earnings ratio of -0.02 and a beta of 1.32. The company has a current ratio of 0.99, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. Digital Ally has a twelve month low of $0.85 and a twelve month high of $36.90.

Digital Ally (NASDAQ:KUST) last released its earnings results on Friday, August 14th. The company reported ($4.58) earnings per share for the quarter. Digital Ally had a negative net margin of 112.61% and a negative return on equity of 212.14%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Digital Ally to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings upgraded shares of Digital Ally from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

About Digital Ally

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 and internationally. It operates through Video Solutions, Revenue Cycle Management, and Ticketing segments. 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; miniature body-worn digital video systems for law enforcement and private security; and VuLink, an in-car device that enables an in-car digital audio/video system and a body worn digital audio/video camera system to automatically and simultaneously start recording.