Beamr Imaging Ltd. (NASDAQ:BMR – Get Free Report) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 35,975 shares, a decrease of 88.9% from the October 15th total of 323,744 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,776 shares, the days-to-cover ratio is presently 0.7 days.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beamr Imaging in a research note on Wednesday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.
Read Our Latest Stock Analysis on BMR
Beamr Imaging Stock Performance
Shares of BMR stock traded up $0.01 during mid-day trading on Friday, reaching $0.87. 48,937 shares of the stock traded hands, compared to its average volume of 93,233. The stock’s fifty day simple moving average is $1.33 and its two-hundred day simple moving average is $1.53. Beamr Imaging has a 1-year low of $0.83 and a 1-year high of $2.51.
Beamr Imaging (NASDAQ:BMR – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $0.44 million for the quarter.
About Beamr Imaging
Beamr Imaging Ltd. (NASDAQ:BMR) is a video technology company that develops software for video encoding, compression, and optimization. Its solutions are designed to help businesses process and deliver high-quality video while reducing file sizes, bandwidth requirements, and computing demands. The company’s product portfolio includes the Beamr Video SDK, a software development kit for integrating video encoding and processing capabilities into applications and platforms. Beamr also offers cloud-based video processing solutions intended for media and entertainment companies, streaming providers, content distributors, and other organizations handling large volumes of video.
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