LogicMark, Inc. (NASDAQ:LGMK) Short Interest Up 1,043.9% in February

LogicMark, Inc. (NASDAQ:LGMK) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 469,000 shares, an increase of 1,043.9% from the January 31st total of 41,000 shares. Approximately 10.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,250,000 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On LogicMark

A hedge fund recently bought a new stake in LogicMark stock. Anson Funds Management LP purchased a new stake in LogicMark, Inc. (NASDAQ:LGMK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned 5.88% of LogicMark as of its most recent SEC filing. 7.88% of the stock is currently owned by hedge funds and other institutional investors.

LogicMark Stock Performance

NASDAQ LGMK opened at $0.21 on Friday. LogicMark has a 1 year low of $0.18 and a 1 year high of $32.25. The business’s fifty day moving average is $1.12 and its two-hundred day moving average is $2.44. The stock has a market capitalization of $569,453.10, a P/E ratio of 0.00 and a beta of 1.15.

LogicMark Company Profile

LogicMark, Inc provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company’s devices provide people with the ability to receive care at home and age independently and to check, manage, and monitor a loved one’s health and safety remotely.