B.O.S. Better Online Solutions (NASDAQ:BOSC) Stock Short Interest Report for October

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 33,954 shares, a growth of 832.0% from the October 15th total of 3,643 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 28,661 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of B.O.S. Better Online Solutions in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.00.

B.O.S. Better Online Solutions Stock Performance

B.O.S. Better Online Solutions stock traded down $0.02 during midday trading on Thursday, reaching $4.06. 12,779 shares of the stock traded hands, compared to its average volume of 45,832. B.O.S. Better Online Solutions has a fifty-two week low of $3.80 and a fifty-two week high of $5.35. The firm has a market cap of $28.83 million, a price-to-earnings ratio of 7.81 and a beta of 1.09. The firm has a fifty day moving average price of $4.48 and a two-hundred day moving average price of $4.56. The company has a current ratio of 2.73, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its quarterly earnings results on Friday, August 14th. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $14.85 million for the quarter, compared to analysts’ expectations of $12.97 million.

Institutional Trading of B.O.S. Better Online Solutions

A hedge fund recently raised its stake in B.O.S. Better Online Solutions stock. Renaissance Technologies LLC raised its stake in B.O.S. Better Online Solutions (NASDAQ:BOSC) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 243,311 shares of the communications equipment provider’s stock after buying an additional 6,404 shares during the quarter. Renaissance Technologies LLC owned 3.45% of B.O.S. Better Online Solutions worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission. 15.06% of the stock is owned by hedge funds and other institutional investors.

B.O.S. Better Online Solutions Company Profile

B.O.S. Better Online Solutions Ltd. is an Israel-based technology company that provides supply chain and radio-frequency identification (RFID) solutions. The company helps organizations improve the visibility, tracking and management of inventory, assets and business processes through a combination of software, hardware and systems integration services. Its RFID activities include the supply of RFID tags, readers, printers and related equipment, as well as software and implementation services. These solutions are designed for applications such as inventory control, asset tracking, logistics, manufacturing and warehouse management.