B.O.S. Better Online Solutions (NASDAQ:BOSC) Sees Large Decline in Short Interest

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 9,565 shares, a drop of 44.7% from the June 30th total of 17,284 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 28,960 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On B.O.S. Better Online Solutions

Several large investors have recently modified their holdings of BOSC. Evernest Financial Advisors LLC raised its holdings in shares of B.O.S. Better Online Solutions by 604.3% in the fourth quarter. Evernest Financial Advisors LLC now owns 324,000 shares of the communications equipment provider’s stock valued at $1,591,000 after buying an additional 278,000 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of B.O.S. Better Online Solutions by 2.7% during the first quarter. Renaissance Technologies LLC now owns 243,311 shares of the communications equipment provider’s stock worth $1,092,000 after purchasing an additional 6,404 shares during the period. Militia Capital Partners LP purchased a new position in B.O.S. Better Online Solutions in the 2nd quarter valued at $619,000. Militia Capital Management LLC purchased a new position in B.O.S. Better Online Solutions in the 1st quarter valued at $524,000. Finally, Goldman Sachs Group Inc. grew its position in B.O.S. Better Online Solutions by 65.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 64,431 shares of the communications equipment provider’s stock valued at $294,000 after buying an additional 25,589 shares during the last quarter. 15.06% of the stock is owned by institutional investors and hedge funds.

B.O.S. Better Online Solutions Stock Up 0.2%

BOSC stock traded up $0.01 during midday trading on Friday, reaching $4.51. 4,556 shares of the company were exchanged, compared to its average volume of 51,128. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.29 and a current ratio of 2.84. B.O.S. Better Online Solutions has a 1-year low of $3.80 and a 1-year high of $6.72. The stock’s 50-day simple moving average is $4.35 and its 200 day simple moving average is $4.62. The company has a market cap of $31.80 million, a price-to-earnings ratio of 10.02 and a beta of 1.08.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its earnings results on Friday, May 15th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $11.39 million during the quarter. B.O.S. Better Online Solutions had a net margin of 6.45% and a return on equity of 13.85%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BOSC. Wall Street Zen lowered B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings downgraded B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Finally, Alliance Global Partners started coverage on B.O.S. Better Online Solutions in a research report on Thursday, April 23rd. They set a “buy” rating and a $8.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, B.O.S. Better Online Solutions has an average rating of “Moderate Buy” and a consensus price target of $8.00.

B.O.S. Better Online Solutions Company Profile

B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries.