Short Interest in Socket Mobile, Inc. (NASDAQ:SCKT) Rises By 69.1%

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 15,900 shares, an increase of 69.1% from the March 15th total of 9,400 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is presently 1.0 days.

Socket Mobile Trading Up 0.9 %

NASDAQ SCKT opened at $1.15 on Friday. Socket Mobile has a 1-year low of $0.91 and a 1-year high of $1.72. The company has a 50 day moving average of $1.15 and a 200-day moving average of $1.28. The firm has a market cap of $9.15 million, a price-to-earnings ratio of -5.23 and a beta of 0.89.

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 Socket Mobile, Inc. (NASDAQ:SCKT) by 77.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC. 3.76% of the stock is owned by institutional investors and hedge funds.

Socket Mobile Company Profile

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.