Short Interest in Socket Mobile, Inc. (NASDAQ:SCKT) Declines By 50.7%

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 6,389 shares, a decrease of 50.7% from the January 29th total of 12,960 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 10,151 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 10,151 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

Socket Mobile Trading Down 1.7%

SCKT opened at $0.90 on Friday. The stock has a fifty day moving average price of $1.09 and a 200 day moving average price of $1.08. Socket Mobile has a 1 year low of $0.82 and a 1 year high of $1.36. The stock has a market cap of $7.14 million, a price-to-earnings ratio of -0.49 and a beta of 1.50.

Socket Mobile (NASDAQ:SCKT) last issued its earnings results on Monday, February 23rd. The company reported ($1.43) earnings per share for the quarter. The firm had revenue of $3.96 million during the quarter. Socket Mobile had a negative return on equity of 87.01% and a negative net margin of 95.36%.

Institutional Trading of Socket Mobile

An institutional investor recently bought a new position in Socket Mobile stock. MV Capital Management Inc. purchased a new position in shares of Socket Mobile, Inc. (NASDAQ:SCKT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 96,917 shares of the company’s stock, valued at approximately $99,000. MV Capital Management Inc. owned approximately 1.21% of Socket Mobile as of its most recent filing with the SEC. 3.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Socket Mobile Company Profile

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.