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

LogicMark, Inc. (NASDAQ:LGMK) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 162,800 shares, a drop of 65.3% from the February 13th total of 469,000 shares. Based on an average trading volume of 1,850,000 shares, the short-interest ratio is presently 0.1 days. Approximately 3.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On LogicMark

A hedge fund recently bought a new stake in LogicMark stock. Anson Funds Management LP bought a new stake in LogicMark, Inc. (NASDAQ:LGMK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 SEC filing. 7.88% of the stock is currently owned by institutional investors and hedge funds.

LogicMark Trading Down 3.2 %

Shares of NASDAQ LGMK traded down $0.01 during midday trading on Thursday, hitting $0.17. 1,032,477 shares of the company’s stock were exchanged, compared to its average volume of 803,114. The business’s fifty day moving average price is $0.87 and its two-hundred day moving average price is $2.16. The company has a market cap of $866,038.00, a price-to-earnings ratio of 0.00 and a beta of 1.36. LogicMark has a 12-month low of $0.16 and a 12-month high of $30.00.

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.