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

LogicMark, Inc. (NASDAQ:LGMK) was the target of a large increase in short interest in 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. Approximately 12.5% of the shares of the stock are short sold. Based on an average trading volume of 2,530,000 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LogicMark stock. Anson Funds Management LP acquired a new stake in LogicMark, Inc. (NASDAQ:LGMK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 120,009 shares of the company’s stock, valued at approximately $180,000. Anson Funds Management LP owned approximately 5.88% of LogicMark as of its most recent SEC filing. Institutional investors own 7.88% of the company’s stock.

LogicMark Trading Down 50.2 %

NASDAQ LGMK traded down $0.03 on Friday, reaching $0.03. The company’s stock had a trading volume of 149,565,679 shares, compared to its average volume of 1,842,216. LogicMark has a 52 week low of $0.02 and a 52 week high of $26.25. The firm has a market cap of $127,152.40, a PE ratio of 0.00 and a beta of 1.36. The business has a 50-day moving average price of $0.57 and a 200 day moving average price of $1.84.

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.