LogicMark, Inc. (NASDAQ:LGMK – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 437,200 shares, a decline of 64.7% from the September 30th total of 1,240,000 shares. Approximately 27.2% of the company’s shares are short sold. Based on an average trading volume of 14,720,000 shares, the short-interest ratio is presently 0.0 days.
Insider Buying and Selling at LogicMark
In other news, major shareholder Winvest Investment Fund Manage acquired 2,104,107 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were bought at an average cost of $0.08 per share, for a total transaction of $168,328.56. Following the acquisition, the insider now directly owns 3,050,187 shares in the company, valued at $244,014.96. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.47% of the stock is owned by company insiders.
LogicMark Price Performance
Shares of LGMK stock remained flat at $0.10 during trading hours on Friday. The stock had a trading volume of 11,742,456 shares, compared to its average volume of 4,817,859. The company’s fifty day simple moving average is $0.15 and its two-hundred day simple moving average is $0.49. The stock has a market capitalization of $633,708.00, a P/E ratio of -0.01 and a beta of 1.22. LogicMark has a fifty-two week low of $0.08 and a fifty-two week high of $2.20.
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.
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