SecureAlert Inc. (OTCMKTS:TRCK) Sees Large Drop in Short Interest

SecureAlert Inc. (OTCMKTS:TRCK) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,721 shares, a decline of 51.5% from the May 14th total of 3,552 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 35,360 shares, the days-to-cover ratio is currently 0.0 days.

SecureAlert Price Performance

Shares of TRCK stock opened at $0.37 on Friday. The stock has a market cap of $15.09 million, a PE ratio of 12.17 and a beta of 0.64. The business has a 50-day simple moving average of $0.58 and a 200-day simple moving average of $0.44. SecureAlert has a 52-week low of $0.12 and a 52-week high of $0.79.

SecureAlert (OTCMKTS:TRCK) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.06) earnings per share for the quarter. SecureAlert had a net margin of 1.24% and a negative return on equity of 31.89%. The business had revenue of $8.94 million during the quarter.

SecureAlert Company Profile

SecureAlert, trading under the symbol TRCK on the OTC Markets, is a provider of location-based safety and monitoring solutions designed to protect vulnerable populations such as seniors with dementia, children with special needs, and lone workers. The company offers a suite of wearable devices and asset tags that leverage proprietary geo-fencing and real-time tracking technologies. These devices connect to a secure network platform that generates alerts when a user exits a predefined safe zone or when other risk thresholds are breached.

At the core of SecureAlert’s product lineup are compact, wireless tracking units that can be worn or attached to personal belongings.