Socket Mobile, Inc. (NASDAQ:SCKT) Sees Significant Growth in Short Interest

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 12,960 shares, a growth of 126.4% from the January 15th total of 5,725 shares. Based on an average daily trading volume, of 23,216 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 23,216 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Socket Mobile in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Socket Mobile Stock Performance

Shares of Socket Mobile stock opened at $1.07 on Friday. The business has a 50-day moving average price of $1.12 and a two-hundred day moving average price of $1.09. Socket Mobile has a 1-year low of $0.82 and a 1-year high of $1.36. The company has a market cap of $8.54 million, a P/E ratio of -2.82 and a beta of 1.50.

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.