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

Digital Ally, Inc. (NASDAQ:DGLY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 2,530,000 shares, a growth of 243.0% from the February 28th total of 737,600 shares. Based on an average daily volume of 24,730,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 48.8% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Digital Ally in a research note on Thursday. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On Digital Ally

An institutional investor recently bought a new position in Digital Ally stock. Anson Funds Management LP purchased a new stake in shares of Digital Ally, Inc. (NASDAQ:DGLY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 336,824 shares of the scientific and technical instruments company’s stock, valued at approximately $177,000. Anson Funds Management LP owned approximately 6.09% of Digital Ally at the end of the most recent reporting period. 4.19% of the stock is owned by institutional investors and hedge funds.

Digital Ally Stock Down 20.7 %

DGLY stock traded down $0.01 during mid-day trading on Friday, reaching $0.03. 41,081,799 shares of the company traded hands, compared to its average volume of 8,113,665. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 1.61. The firm’s 50 day moving average price is $0.15 and its 200 day moving average price is $0.59. The stock has a market cap of $326,400.00, a price-to-earnings ratio of -0.01 and a beta of 1.06. Digital Ally has a fifty-two week low of $0.03 and a fifty-two week high of $3.29.

Digital Ally (NASDAQ:DGLY) last posted its earnings results on Monday, December 30th. The scientific and technical instruments company reported ($0.91) earnings per share for the quarter. Digital Ally had a negative net margin of 93.21% and a negative return on equity of 407.65%.

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. It operates through three segments: Video Solutions, Revenue Cycle Management, and Entertainment. 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; body-worn digital video systems for law enforcement and private security; and VuLink ecosystem that provides intuitive auto-activation functionality as well as coordination between multiple recording devices.