LogicMark, Inc. (NASDAQ:LGMK) Short Interest Update

LogicMark, Inc. (NASDAQ:LGMK) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 738,500 shares, an increase of 353.6% from the February 28th total of 162,800 shares. Based on an average daily volume of 2,530,000 shares, the short-interest ratio is presently 0.3 days. Approximately 12.5% of the shares of the company are short sold.

LogicMark Trading Down 50.2 %

Shares of LogicMark stock opened at $0.03 on Friday. LogicMark has a 12-month low of $0.02 and a 12-month high of $25.50. The firm’s 50 day simple moving average is $0.54 and its two-hundred day simple moving average is $1.81. The firm has a market capitalization of $127,152.40, a price-to-earnings ratio of 0.00 and a beta of 1.36.

Hedge Funds Weigh In On LogicMark

An institutional investor recently bought a new position in LogicMark stock. Anson Funds Management LP purchased a new stake in shares of LogicMark, Inc. (NASDAQ:LGMK) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned about 5.88% of LogicMark as of its most recent filing with the SEC. Hedge funds and other institutional investors own 7.88% of the company’s stock.

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.