Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Up 334.6% in November

Socket Mobile, Inc. (NASDAQ:SCKT) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 22,600 shares, a growth of 334.6% from the October 31st total of 5,200 shares. Based on an average daily volume of 24,000 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

Socket Mobile Trading Down 0.7 %

NASDAQ SCKT traded down $0.01 on Thursday, hitting $1.50. The company’s stock had a trading volume of 42,322 shares, compared to its average volume of 18,705. The firm has a market cap of $11.42 million, a P/E ratio of -6.59 and a beta of 0.84. Socket Mobile has a 52-week low of $0.91 and a 52-week high of $1.55. The company’s 50-day simple moving average is $1.22 and its 200 day simple moving average is $1.18.

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.