Short Interest in Digital Ally, Inc. (NASDAQ:DGLY) Increases By 7.3%

Digital Ally, Inc. (NASDAQ:DGLY) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 323,800 shares, a growth of 7.3% from the November 15th total of 301,700 shares. Approximately 7.2% of the shares of the stock are sold short. Based on an average daily volume of 171,100 shares, the days-to-cover ratio is currently 1.9 days.

Digital Ally Price Performance

Shares of NASDAQ DGLY traded down $0.10 during mid-day trading on Tuesday, hitting $0.62. 780,170 shares of the company’s stock traded hands, compared to its average volume of 513,742. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.51 and a quick ratio of 0.43. Digital Ally has a 1 year low of $0.51 and a 1 year high of $3.29. The company’s 50-day moving average is $0.88 and its two-hundred day moving average is $1.44. The company has a market capitalization of $3.03 million, a P/E ratio of -0.10 and a beta of 0.82.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Digital Ally in a report on Friday. They issued a “sell” rating on the stock.

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.