B.O.S. Better Online Solutions (NASDAQ:BOSC) Short Interest Down 59.1% in April

B.O.S. Better Online Solutions (NASDAQ:BOSC) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 3,887 shares, a decline of 59.1% from the April 15th total of 9,499 shares. Based on an average trading volume of 52,156 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings raised B.O.S. Better Online Solutions from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 1st. Alliance Global Partners started coverage on B.O.S. Better Online Solutions in a research report on Thursday, April 23rd. They set a “buy” rating and a $8.00 target price on the stock. Finally, Wall Street Zen upgraded B.O.S. Better Online Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

B.O.S. Better Online Solutions Price Performance

Shares of NASDAQ:BOSC traded down $0.07 during midday trading on Friday, reaching $4.52. 48,357 shares of the company’s stock traded hands, compared to its average volume of 56,205. B.O.S. Better Online Solutions has a 1 year low of $3.63 and a 1 year high of $6.72. The company has a market cap of $31.87 million, a P/E ratio of 8.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.20 and a current ratio of 2.70. The company has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $4.81.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last announced its earnings results on Tuesday, March 31st. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter. B.O.S. Better Online Solutions had a return on equity of 17.04% and a net margin of 7.14%.The firm had revenue of $12.62 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in B.O.S. Better Online Solutions in the 3rd quarter valued at $39,000. Royal Bank of Canada acquired a new position in B.O.S. Better Online Solutions in the 4th quarter valued at $49,000. HRT Financial LP acquired a new position in B.O.S. Better Online Solutions in the 4th quarter valued at $51,000. Integrated Advisors Network LLC acquired a new position in B.O.S. Better Online Solutions in the 3rd quarter valued at $90,000. Finally, XTX Topco Ltd raised its stake in 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 purchasing an additional 6,334 shares during the last quarter. 15.06% of the stock is owned by institutional investors and hedge funds.

About B.O.S. Better Online Solutions

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.