Short Interest in Beamr Imaging Ltd. (NASDAQ:BMR) Declines By 22.2%

Beamr Imaging Ltd. (NASDAQ:BMR) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 320,618 shares, a drop of 22.2% from the February 26th total of 412,350 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average daily volume of 47,127 shares, the short-interest ratio is presently 6.8 days.

Hedge Funds Weigh In On Beamr Imaging

Institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP bought a new stake in Beamr Imaging during the third quarter valued at approximately $33,000. Renaissance Technologies LLC grew its position in shares of Beamr Imaging by 56.2% during the 4th quarter. Renaissance Technologies LLC now owns 41,700 shares of the company’s stock valued at $65,000 after acquiring an additional 15,000 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Beamr Imaging in the 1st quarter worth $84,000. Finally, Susquehanna International Group LLP raised its holdings in Beamr Imaging by 15.2% in the 3rd quarter. Susquehanna International Group LLP now owns 57,450 shares of the company’s stock worth $176,000 after purchasing an additional 7,600 shares during the period. Institutional investors own 0.71% of the company’s stock.

Beamr Imaging Price Performance

NASDAQ BMR opened at $1.38 on Tuesday. Beamr Imaging has a 1-year low of $1.26 and a 1-year high of $4.32. The business’s fifty day moving average price is $1.74 and its 200-day moving average price is $2.16.

Beamr Imaging (NASDAQ:BMR) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) EPS for the quarter. The company had revenue of $1.01 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beamr Imaging in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Beamr Imaging presently has an average rating of “Sell”.

About Beamr Imaging

Beamr Imaging (NASDAQ: BMR) is a technology company specializing in perceptual image and video compression solutions. The company develops software encoders and cloud-based optimization tools that reduce file sizes while preserving visual quality. Its proprietary technology analyzes visual data in accordance with human perception, allowing media providers to deliver high-resolution content with lower bandwidth consumption.

Beamr’s product suite includes an image optimization SDK, a video encoder that supports multiple codecs, and an API for cloud integration.