B.O.S. Better Online Solutions (NASDAQ:BOSC) Short Interest Up 188.5% in August

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BOSC. XTX Topco Ltd raised its stake in B.O.S. Better Online Solutions by 42.0% during the fourth quarter. XTX Topco Ltd now owns 21,410 shares of the communications equipment provider’s stock worth $98,000 after purchasing an additional 6,334 shares during the period. Renaissance Technologies LLC increased its holdings in shares of B.O.S. Better Online Solutions by 2.7% during the 1st quarter. Renaissance Technologies LLC now owns 243,311 shares of the communications equipment provider’s stock worth $1,092,000 after buying an additional 6,404 shares during the last quarter. Bank of America Corp DE acquired a new position in B.O.S. Better Online Solutions in the third quarter valued at $39,000. Royal Bank of Canada purchased a new stake in B.O.S. Better Online Solutions during the fourth quarter valued at about $49,000. Finally, HRT Financial LP acquired a new stake in B.O.S. Better Online Solutions during the fourth quarter worth about $51,000. 15.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BOSC. Wall Street Zen lowered shares of 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 B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

B.O.S. Better Online Solutions Price Performance

Shares of BOSC stock traded up $0.07 during trading hours on Monday, reaching $4.74. The company had a trading volume of 15,954 shares, compared to its average volume of 49,293. B.O.S. Better Online Solutions has a 12-month low of $3.80 and a 12-month high of $6.72. The company has a market capitalization of $33.38 million, a price-to-earnings ratio of 9.11 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 2.73. The stock has a fifty day moving average of $4.49 and a 200-day moving average of $4.56.

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

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.