Digital Ally Inc./NV (NASDAQ:DGLY) Short Interest Down 43.7% in December

Digital Ally Inc./NV (NASDAQ:DGLY) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 107,534 shares, a decrease of 43.7% from the November 30th total of 190,890 shares. Currently, 5.7% of the company’s stock are sold short. Based on an average daily trading volume, of 106,105 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 106,105 shares, the days-to-cover ratio is currently 1.0 days. Currently, 5.7% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Digital Ally Inc./NV in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Digital Ally Inc./NV Stock Down 1.8%

DGLY opened at $0.74 on Friday. The business has a 50 day moving average of $1.37 and a 200-day moving average of $1.82. The stock has a market capitalization of $1.40 million, a price-to-earnings ratio of 0.00 and a beta of 0.89. The company has a current ratio of 0.99, a quick ratio of 0.72 and a debt-to-equity ratio of 0.17. Digital Ally Inc./NV has a 1-year low of $0.70 and a 1-year high of $1,320.00.

Digital Ally Inc./NV (NASDAQ:DGLY) last issued its quarterly earnings results on Wednesday, November 12th. The scientific and technical instruments company reported ($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.01) by $1.42. The firm had revenue of $4.54 million during the quarter, compared to the consensus estimate of $3.60 million. Digital Ally Inc./NV had a negative net margin of 45.36% and a negative return on equity of 190.13%.

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.