BSQUARE Co. (NASDAQ:BSQR) Sees Significant Increase in Short Interest

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BSQUARE Co. (NASDAQ:BSQR) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 9,200 shares, a growth of 39.4% from the July 31st total of 6,600 shares. Based on an average daily trading volume, of 27,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Separately, ValuEngine raised BSQUARE from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

Shares of BSQR traded up $0.03 during midday trading on Thursday, hitting $1.37. The stock had a trading volume of 946 shares, compared to its average volume of 47,833. The company has a 50 day simple moving average of $1.27 and a two-hundred day simple moving average of $1.58. BSQUARE has a twelve month low of $1.16 and a twelve month high of $2.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.93 and a current ratio of 1.93.

BSQUARE (NASDAQ:BSQR) last released its earnings results on Monday, August 12th. The software maker reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $14.18 million during the quarter. BSQUARE had a negative net margin of 22.82% and a negative return on equity of 52.91%.

In other BSQUARE news, Director Ryan L. Vardeman acquired 26,525 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $1.25 per share, with a total value of $33,156.25. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 13.80% of the company’s stock.

A hedge fund recently bought a new stake in BSQUARE stock. Susquehanna International Group LLP purchased a new position in shares of BSQUARE Co. (NASDAQ:BSQR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 39,202 shares of the software maker’s stock, valued at approximately $45,000. Susquehanna International Group LLP owned 0.31% of BSQUARE as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 21.70% of the company’s stock.

About BSQUARE

BSQUARE Corporation provides software solutions and related engineering services to businesses that develop, market, and sell standalone intelligent systems in North America, Europe, and Asia. The company offers DataV software solution, which addresses various business use cases specific to Industrial Internet of Things (IIoT) applications, including predictive failure, adaptive diagnostics, and IIoT device management.

See Also: Fundamental Analysis

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