SocketMobile’s stock rockets to a more than 13-year high after unveiling of DuraSled scanner for iPhone 12s

February 16, 2021 0 By boss


Shares of Socket Mobile Inc.

skyrocketed 251.9% on very heavy volume toward a more than 13-year high in morning trading Tuesday, to pace all gainers on major U.S. exchanges, after the mobile data capture company unveiled its new DuraSled offering, which is an enterprise-grade barcode scanner for Apple Inc.’s

iPhone 12s. Trading volume spiked to more than 75 million shares, compared with the full-day average over the past 30 days of about 256,000 shares. The company said employers can now support workers who use the iPhone 12 series of mobile phones. “The DuraSled turns your iPhone into a one-handed solution that combines the versatility of the iPhone and the power of an enterprise-grade scanner,” said SocketMobile Senior Product Manager Vanessa Lindsay. The latest data showed that short interest as a percent of public float was 0.9%. The stock, which which is trading at the highest levels seen since October 2007, has soared 373.0% over the past three months, while the S&P 500

has gained 8.9%.


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