BIO-key International Inc. (NASDAQ:BKYI) Sees Large Increase in Short Interest

BIO-key International Inc. (NASDAQ:BKYI) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 63,876 shares, an increase of 4,465.8% from the July 15th total of 1,399 shares. Approximately 6.1% of the company’s stock are sold short. Based on an average trading volume of 231,601 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On BIO-key International

A hedge fund recently raised its position in BIO-key International stock. Geode Capital Management LLC grew its stake in shares of BIO-key International Inc. (NASDAQ:BKYI) by 49.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,892 shares of the technology company’s stock after purchasing an additional 16,271 shares during the quarter. Geode Capital Management LLC owned approximately 0.45% of BIO-key International worth $26,000 as of its most recent SEC filing. 26.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BKYI has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of BIO-key International to a “hold” rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BIO-key International in a research report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

BIO-key International Trading Down 6.5%

BIO-key International stock traded down $0.27 during mid-day trading on Tuesday, reaching $3.90. The company’s stock had a trading volume of 87,100 shares, compared to its average volume of 169,180. BIO-key International has a twelve month low of $3.10 and a twelve month high of $19.70. The business has a 50 day moving average price of $4.39 and a 200-day moving average price of $5.30. The firm has a market cap of $4.24 million, a price-to-earnings ratio of -0.70 and a beta of 0.44.

BIO-key International Company Profile

BIO-key International, Inc is a developer and provider of fingerprint biometric identity and access management solutions, serving enterprise and government customers. The company’s core offerings include a range of fingerprint readers and authentication software designed to verify user identity across physical and digital environments. By leveraging proprietary template-on-card and template-on-device technologies, BIO-key seeks to enhance security and streamline user access without reliance on traditional passwords.

In addition to hardware sensors, BIO-key delivers software platforms that integrate with existing IT infrastructures such as Microsoft Active Directory and major workforce management systems.