Short Interest in LogicMark, Inc. (NASDAQ:LGMK) Rises By 353.6%

LogicMark, Inc. (NASDAQ:LGMK) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 738,500 shares, a growth of 353.6% from the February 28th total of 162,800 shares. Based on an average daily trading volume, of 2,530,000 shares, the short-interest ratio is presently 0.3 days. Approximately 12.5% of the company’s shares are sold short.

Hedge Funds Weigh In On LogicMark

A hedge fund recently bought a new stake in LogicMark stock. Anson Funds Management LP bought a new position in shares of LogicMark, Inc. (NASDAQ:LGMK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 7.88% of the company’s stock.

LogicMark Stock Up 7.3 %

NASDAQ:LGMK opened at $0.09 on Thursday. The firm’s fifty day simple moving average is $0.59 and its 200 day simple moving average is $1.85. The stock has a market cap of $462,053.80, a P/E ratio of 0.00 and a beta of 1.36. LogicMark has a twelve month low of $0.08 and a twelve month high of $26.25.

About LogicMark

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.