Shares Go In Different Directions For Digital Ally Inc., Taser International Inc.

Digital Ally Inc. DGLY tumbled more than 7 percent Tuesday while its larger competitor Taser International, Inc. TASR gained about 2 percent. The two manufacturers of body mounted video cameras designed to be worn by law enforcement officers have seen substantial run-ups since a high-profile police shooting of an unarmed teenager in Ferguson, Mo., in August and a series of resulting riots. Further unrest in Ferguson followed Monday's announcement that no charges will be brought against the police shooter. Taser traded recently at $20.11, up $0.39 cents a share; Taser is up 25 percent since the August shooting. Digital Ally was changing hands recently at 13.07 a share, down $0.96 cents and is up 42 percent in the wake of the riots. 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 Oct. 31; For Digital, nearly 535,000 of its 3.01 million shares were held as short interest.