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SocketMobile’s stock rockets on heavy volume after unveiling DuraSled scanner for iPhone 12s

Shares of Socket Mobile Inc. SCKT, +272.22% skyrocketed 205% on very heavy volume toward a more than 13-year high in premarket trading Tuesday, to pace all premarket gainers, after the mobile data capture company unveiled its new DuraSled offering, which is an enterprise-grade barcode scanner for Apple Inc.’s AAPL, -0.23% iPhone 12s. Trading volume swelled to 14.9 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 is on track to open at the highest price seen during regular-session hours since October 2007, had rallied 34.4% over the past three months through Friday, while the S&P 500 SPX, +0.36% gained 8.5%.

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