B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Sees Significant Decline in Short Interest

B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 23,200 shares, a decrease of 7.6% from the July 31st total of 25,100 shares. Based on an average trading volume of 17,800 shares, the days-to-cover ratio is presently 1.3 days.

B.O.S. Better Online Solutions Trading Down 3.4 %

Shares of BOSC opened at $2.82 on Wednesday. The firm has a 50 day moving average price of $2.89 and a 200-day moving average price of $2.84. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.59 and a current ratio of 2.33. B.O.S. Better Online Solutions has a fifty-two week low of $2.39 and a fifty-two week high of $4.00. The firm has a market cap of $16.21 million, a price-to-earnings ratio of 7.83 and a beta of 0.85.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last announced its quarterly earnings data on Thursday, August 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter. The firm had revenue of $8.45 million during the quarter. B.O.S. Better Online Solutions had a return on equity of 10.30% and a net margin of 4.90%.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity initiated coverage on B.O.S. Better Online Solutions in a report on Monday, June 10th. They issued a “buy” rating and a $5.00 price objective for the company.

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 increased its position in B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 160,211 shares of the communications equipment provider’s stock after acquiring an additional 7,095 shares during the period. Renaissance Technologies LLC owned about 2.79% of B.O.S. Better Online Solutions worth $450,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.06% of the company’s stock.

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.