Socket Mobile, Inc. (NASDAQ:SCKT) Short Interest Down 33.5% in January

Socket Mobile, Inc. (NASDAQ:SCKT) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 13,500 shares, a decline of 33.5% from the January 15th total of 20,300 shares. Based on an average daily trading volume, of 26,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Socket Mobile

An institutional investor recently raised its position in Socket Mobile stock. Renaissance Technologies LLC boosted its holdings in shares of Socket Mobile, Inc. (NASDAQ:SCKT) by 77.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing. Institutional investors and hedge funds own 3.76% of the company’s stock.

Socket Mobile Price Performance

Shares of SCKT stock traded down $0.02 during mid-day trading on Friday, hitting $1.29. The company had a trading volume of 7,756 shares, compared to its average volume of 21,280. Socket Mobile has a 52-week low of $0.91 and a 52-week high of $1.72. The stock’s 50 day moving average price is $1.42 and its 200-day moving average price is $1.27.

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.