B.O.S. Better Online Solutions (NASDAQ:BOSC) Shares Shorted: Short Interest Down 72.7% in September

B.O.S. Better Online Solutions (NASDAQ:BOSC) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 5,207 shares, a drop of 72.7% from the August 31st total of 19,106 shares. Based on an average daily trading volume, of 30,976 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of B.O.S. Better Online Solutions

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in shares of B.O.S. Better Online Solutions by 2.7% in the first quarter. Renaissance Technologies LLC now owns 243,311 shares of the communications equipment provider’s stock worth $1,092,000 after acquiring an additional 6,404 shares during the period. Militia Capital Management LLC bought a new stake in B.O.S. Better Online Solutions in the 1st quarter worth approximately $524,000. Finally, Evernest Financial Advisors LLC grew its position in B.O.S. Better Online Solutions by 604.3% in the 4th quarter. Evernest Financial Advisors LLC now owns 324,000 shares of the communications equipment provider’s stock worth $1,591,000 after purchasing an additional 278,000 shares during the period. Hedge funds and other institutional investors own 15.06% of the company’s stock.

B.O.S. Better Online Solutions Stock Performance

BOSC remained flat at $4.74 during trading on Friday. The company’s stock had a trading volume of 4,014 shares, compared to its average volume of 28,338. The business’s 50-day moving average is $4.58 and its 200 day moving average is $4.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.73 and a quick ratio of 2.18. B.O.S. Better Online Solutions has a 1-year low of $3.80 and a 1-year high of $6.72. The firm has a market cap of $33.42 million, a PE ratio of 9.12 and a beta of 1.08.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last posted its quarterly earnings results on Friday, August 14th. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $14.85 million during the quarter, compared to analysts’ expectations of $12.97 million. B.O.S. Better Online Solutions had a return on equity of 12.69% and a net margin of 7.22%.

Analysts Set New Price Targets

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

About B.O.S. Better Online Solutions

B.O.S. Better Online Solutions Ltd. is an Israel-based technology company that provides supply chain management and customer relationship management solutions. The company serves organizations that need to track inventory, manage warehouse operations, improve field activities and coordinate customer-facing processes.

Its supply chain offerings include radio-frequency identification (RFID), barcode and automatic identification technologies, mobile computing systems, warehouse management software, route-accounting applications and related hardware, integration and support services.