One Stop Systems, Inc. (NASDAQ:OSS) Sees Significant Decline in Short Interest

One Stop Systems, Inc. (NASDAQ:OSS) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 18,300 shares, a drop of 25.3% from the October 31st total of 24,500 shares. Based on an average daily trading volume, of 99,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On One Stop Systems

Institutional investors have recently modified their holdings of the company. Legato Capital Management LLC acquired a new stake in shares of One Stop Systems in the 2nd quarter worth about $35,000. Mercer Global Advisors Inc. ADV bought a new stake in One Stop Systems during the 2nd quarter worth approximately $61,000. Vontobel Holding Ltd. increased its holdings in One Stop Systems by 120.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,000 shares of the company’s stock worth $79,000 after purchasing an additional 18,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of One Stop Systems by 15.7% in the second quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock worth $147,000 after purchasing an additional 8,300 shares during the last quarter. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of One Stop Systems by 24.3% in the third quarter. Essex Investment Management Co. LLC now owns 82,311 shares of the company’s stock valued at $197,000 after purchasing an additional 16,093 shares in the last quarter. 32.67% of the stock is owned by institutional investors and hedge funds.

One Stop Systems Trading Up 3.0 %

OSS stock traded up $0.07 during trading on Friday, reaching $2.37. 57,456 shares of the stock were exchanged, compared to its average volume of 77,098. The firm’s 50 day moving average is $2.38 and its 200 day moving average is $2.31. The firm has a market cap of $50.03 million, a P/E ratio of -4.74 and a beta of 1.28. One Stop Systems has a twelve month low of $1.79 and a twelve month high of $4.57.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners raised shares of One Stop Systems from a “neutral” rating to a “buy” rating and increased their target price for the stock from $3.25 to $4.50 in a research note on Wednesday, November 6th.

About One Stop Systems

One Stop Systems, Inc engages in the design, manufacture, and marketing of high-performance compute, high speed storage hardware and software, switch fabrics, and systems for edge deployments in the United States and internationally. The company's systems are built using the central processing unit, graphical processing unit, high-speed switch fabrics, and flash storage technologies.