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

LogicMark, Inc. (NASDAQ:LGMK) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 246,400 shares, a growth of 352.9% from the November 30th total of 54,400 shares. Approximately 12.2% of the company’s shares are short sold. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is currently 0.2 days.

Insider Transactions at LogicMark

In related news, major shareholder Winvest Investment Fund Manage bought 84,164 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average cost of $2.00 per share, for a total transaction of $168,328.00. Following the completion of the acquisition, the insider now owns 122,007 shares in the company, valued at $244,014. This trade represents a 222.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.47% of the company’s stock.

LogicMark Stock Performance

Shares of NASDAQ:LGMK traded up $0.05 during trading on Thursday, reaching $1.68. 168,756 shares of the stock were exchanged, compared to its average volume of 337,137. LogicMark has a 12-month low of $1.41 and a 12-month high of $32.25. The firm’s 50-day moving average price is $2.29 and its 200 day moving average price is $6.50. The firm has a market cap of $3.42 million, a price-to-earnings ratio of -0.01 and a beta of 1.15.

LogicMark (NASDAQ:LGMK) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($5.00) earnings per share (EPS) for the quarter, topping the consensus estimate of ($10.75) by $5.75. LogicMark had a negative net margin of 141.96% and a negative return on equity of 124.91%. The company had revenue of $2.71 million during the quarter, compared to analyst estimates of $2.44 million. During the same quarter in the prior year, the business earned ($27.50) earnings per share. As a group, equities research analysts forecast that LogicMark will post -54.25 EPS for the current year.

LogicMark Company Profile

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.