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Shares Of Digital Ally, Taser Go In Different Directions Amid Ferguson Ruling

Courtesy of Benzinga.

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Digital Ally, Inc. (NASDAQ: DGLY) tumbled more than 7 percent Tuesday while its larger competitor Taser International, Inc. (NASDAQ: TASR) gained 2 percent.

The two manufacturers of body-mounted video cameras designed to be worn by law enforcement officers have seen substantial run-ups since the high-profile police shooting of an unarmed teenager in Ferguson, Missouri, in August and a series of resulting riots.

Further unrest in Ferguson followed Monday's announcement that no indictment will be brought against the police shooter.

Taser traded recently at $20.19, up 2.3; Taser is up 25 percent since the August shooting.

Digital Ally changed hands recently at $13.26, down 5.6 percent; Shares are up 300 percent since August.

Both stocks have relatively high short interest.

Nearly 8.5 million of Taser's 52.5 million shares outstanding were held as short interest as of October 31; For Digital, nearly 535,000 of its 3.01 million shares were held as short interest.

Posted-In: News Legal Events Intraday Update Movers

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