LogicMark, Inc. (NASDAQ:LGMK) Sees Significant Increase in Short Interest

LogicMark, Inc. (NASDAQ:LGMK) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,020,000 shares, an increase of 38.1% from the March 15th total of 738,500 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 25,650,000 shares, the days-to-cover ratio is currently 0.0 days.

LogicMark Stock Performance

NASDAQ LGMK opened at $0.01 on Friday. The business’s 50 day moving average price is $0.16 and its 200-day moving average price is $1.34. LogicMark has a fifty-two week low of $0.01 and a fifty-two week high of $24.00. The company has a market cap of $569,527.20, a P/E ratio of 0.00 and a beta of 1.94.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LogicMark stock. Anson Funds Management LP purchased a new position in shares of LogicMark, Inc. (NASDAQ:LGMK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned 5.88% of LogicMark at the end of the most recent quarter. Institutional investors own 7.88% of the company’s stock.

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.