One Stop Systems, Inc. (NASDAQ:OSS) Sees Large Increase in Short Interest

One Stop Systems, Inc. (NASDAQ:OSS) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 3,697,048 shares, a growth of 115.0% from the April 30th total of 1,719,422 shares. Based on an average daily trading volume, of 3,365,761 shares, the days-to-cover ratio is presently 1.1 days. Currently, 15.5% of the company’s shares are sold short.

One Stop Systems Stock Up 1.5%

One Stop Systems stock traded up $0.27 during trading on Friday, reaching $18.18. The stock had a trading volume of 1,408,218 shares, compared to its average volume of 2,446,183. One Stop Systems has a 52-week low of $2.69 and a 52-week high of $18.49. The stock has a market cap of $449.77 million, a PE ratio of 72.72 and a beta of 1.14. The business has a 50 day moving average price of $11.61 and a 200 day moving average price of $9.36.

One Stop Systems (NASDAQ:OSS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $8.07 million for the quarter, compared to the consensus estimate of $6.98 million. One Stop Systems had a net margin of 12.44% and a negative return on equity of 0.24%. On average, equities analysts predict that One Stop Systems will post -0.08 EPS for the current fiscal year.

Insider Buying and Selling at One Stop Systems

In other One Stop Systems news, Director Gregory W. Matz sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.52, for a total value of $140,160.00. Following the transaction, the director owned 78,914 shares of the company’s stock, valued at $1,382,573.28. This represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mitchell H. Herbets sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $17.62, for a total transaction of $88,100.00. Following the completion of the transaction, the director directly owned 48,984 shares in the company, valued at $863,098.08. The trade was a 9.26% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 21,000 shares of company stock valued at $369,380 over the last 90 days. 3.90% of the stock is owned by insiders.

Institutional Investors Weigh In On One Stop Systems

Several institutional investors have recently modified their holdings of OSS. Geode Capital Management LLC lifted its position in shares of One Stop Systems by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 199,729 shares of the company’s stock worth $709,000 after purchasing an additional 1,837 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of One Stop Systems during the 2nd quarter worth $46,000. Marshall Wace LLP boosted its holdings in One Stop Systems by 1,130.1% in the second quarter. Marshall Wace LLP now owns 476,393 shares of the company’s stock valued at $1,691,000 after purchasing an additional 437,664 shares in the last quarter. Jane Street Group LLC boosted its holdings in One Stop Systems by 753.2% in the second quarter. Jane Street Group LLC now owns 268,182 shares of the company’s stock valued at $952,000 after purchasing an additional 236,750 shares in the last quarter. Finally, Marex Group plc acquired a new position in One Stop Systems in the second quarter valued at approximately $36,000. 32.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings raised shares of One Stop Systems from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 23rd. Zacks Research lowered shares of One Stop Systems from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Lake Street Capital boosted their price target on shares of One Stop Systems from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Alliance Global Partners reiterated a “buy” rating on shares of One Stop Systems in a research note on Wednesday, May 6th. Finally, Roth Mkm reiterated a “buy” rating and set a $18.00 price target on shares of One Stop Systems in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

About One Stop Systems

One Stop Systems, Inc (NASDAQ: OSS) develops and manufactures high-performance computing and storage systems tailored for mission-critical and harsh-environment applications. The company’s solutions are designed to deliver accelerated processing, high-throughput data handling and reliability in confined or ruggedized form factors. OSS leverages advanced cooling, power management and custom enclosures to support demanding workloads in settings where off-the-shelf hardware may fall short.

The company’s product portfolio includes GPU-accelerated servers, embedded single-board computers, high-speed RAID storage arrays and integrated system solutions.