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

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 19,106 shares, an increase of 188.5% from the August 15th total of 6,623 shares. Based on an average daily trading volume, of 54,097 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Analysts Set New Price Targets

BOSC has been the topic of several research reports. 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.00.

B.O.S. Better Online Solutions Stock Performance

Shares of NASDAQ:BOSC opened at $4.66 on Friday. The company’s 50-day moving average price is $4.49 and its two-hundred day moving average price 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 one year low of $3.80 and a one year high of $6.72. The stock has a market capitalization of $32.85 million, a PE ratio of 8.96 and a beta of 1.08.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last announced its quarterly earnings data on Friday, August 14th. The communications equipment provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The company 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in shares of B.O.S. Better Online Solutions during the 3rd quarter worth approximately $39,000. Royal Bank of Canada bought a new stake in shares of B.O.S. Better Online Solutions during the 4th quarter worth approximately $49,000. HRT Financial LP acquired a new stake in shares of B.O.S. Better Online Solutions in the 4th quarter valued at approximately $51,000. XTX Topco Ltd boosted its holdings 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 valued at $98,000 after buying an additional 6,334 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of B.O.S. Better Online Solutions in the fourth quarter valued at $125,000. 15.06% of the stock is currently owned by institutional investors.

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.