Short Interest in B.O.S. Better Online Solutions (NASDAQ:BOSC) Declines By 59.8%

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 6,623 shares, a decrease of 59.8% from the July 30th total of 16,480 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 33,215 shares, the days-to-cover ratio is presently 0.2 days.

B.O.S. Better Online Solutions Stock Performance

B.O.S. Better Online Solutions stock traded down $0.05 during mid-day trading on Friday, reaching $4.63. 22,617 shares of the company were exchanged, compared to its average volume of 45,723. The firm’s 50-day simple moving average is $4.44 and its two-hundred day simple moving average is $4.57. B.O.S. Better Online Solutions has a twelve month low of $3.80 and a twelve month high of $6.72. The firm has a market cap of $32.64 million, a PE ratio of 8.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 2.73.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last released its earnings results on Thursday, August 20th. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. B.O.S. Better Online Solutions had a return on equity of 12.69% and a net margin of 7.22%.The business had revenue of $14.85 million for the quarter, compared to analyst estimates of $12.97 million.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings lowered shares of B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, B.O.S. Better Online Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Hedge Funds Weigh In On B.O.S. Better Online Solutions

A number of large investors have recently bought and sold shares of BOSC. XTX Topco Ltd lifted its stake in shares of B.O.S. Better Online Solutions by 42.0% in the 4th quarter. XTX Topco Ltd now owns 21,410 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 6,334 shares during the period. Renaissance Technologies LLC raised its holdings in 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 in the last quarter. Bank of America Corp DE acquired a new stake in B.O.S. Better Online Solutions in the third quarter valued at about $39,000. Royal Bank of Canada acquired a new stake in B.O.S. Better Online Solutions in the fourth quarter valued at about $49,000. Finally, HRT Financial LP purchased a new stake in B.O.S. Better Online Solutions in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 15.06% of the company’s stock.

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.