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

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 17,200 shares, an increase of 27.4% from the January 31st total of 13,500 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 22,500 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Socket Mobile

A hedge fund recently raised its stake in Socket Mobile stock. Renaissance Technologies LLC grew its holdings in shares of Socket Mobile, Inc. (NASDAQ:SCKT) by 77.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,200 shares of the company’s stock after purchasing an additional 19,700 shares during the quarter. Renaissance Technologies LLC owned about 0.59% of Socket Mobile worth $60,000 at the end of the most recent reporting period. Institutional investors own 3.76% of the company’s stock.

Socket Mobile Price Performance

Shares of SCKT stock traded up $0.05 on Thursday, hitting $1.24. The stock had a trading volume of 345 shares, compared to its average volume of 21,240. Socket Mobile has a 12-month low of $0.91 and a 12-month high of $1.72. The stock has a market cap of $9.43 million, a price-to-earnings ratio of -5.64 and a beta of 1.03. The business has a 50 day moving average of $1.39 and a 200 day moving average of $1.29.

About Socket Mobile

Socket Mobile, Inc provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education.