BroadVision, Inc. (NASDAQ:BVSN) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 8,500 shares, a drop of 26.7% from the July 31st total of 11,600 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 11,900 shares, the short-interest ratio is presently 0.7 days.
Separately, ValuEngine upgraded BroadVision from a “hold” rating to a “buy” rating in a research report on Friday, July 12th.
BVSN traded up $0.03 during mid-day trading on Thursday, reaching $1.42. The stock had a trading volume of 113 shares, compared to its average volume of 4,500. The firm’s fifty day simple moving average is $1.38 and its two-hundred day simple moving average is $1.39. BroadVision has a 52 week low of $0.74 and a 52 week high of $2.16.
BroadVision, Inc develops, markets, and supports enterprise portal applications that enable companies to unify their e-business infrastructure and conduct interactions and transactions with employees, partners, and customers through a personalized self-service model. The company offers business agility suite, a portal that provides personalized views of information and processes; commerce agility suite, an e-commerce system for transacting business on the Web; Clearvale, an enterprise social network solution; Clear, a human resources management system; QuickSilver, a publishing system for large and complex documents; and Vmoso, a cloud application for conducting virtual enterprise communications, mobile workgroup collaborations, and social business engagements.
Further Reading: Overbought
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