Asure Software, Inc. (NASDAQ:ASUR) Short Interest Up 27.0% in January

Asure Software, Inc. (NASDAQ:ASUR) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 814,400 shares, a growth of 27.0% from the December 31st total of 641,500 shares. Based on an average daily volume of 122,100 shares, the short-interest ratio is presently 6.7 days.

Institutional Trading of Asure Software

Several institutional investors have recently added to or reduced their stakes in the stock. Needham Investment Management LLC lifted its stake in Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after purchasing an additional 502,500 shares in the last quarter. Swedbank AB lifted its stake in Asure Software by 7.1% during the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after acquiring an additional 50,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Asure Software by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after acquiring an additional 24,649 shares during the period. ArrowMark Colorado Holdings LLC acquired a new position in Asure Software in the 3rd quarter valued at about $5,191,000. Finally, Rice Hall James & Associates LLC increased its stake in Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the period. Institutional investors and hedge funds own 71.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Stephens reissued an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research report on Wednesday, January 15th. Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Monday, October 28th. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Northland Securities raised their price target on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $14.17.

Asure Software Trading Down 1.0 %

Shares of ASUR traded down $0.12 during trading on Monday, reaching $11.70. 44,517 shares of the company traded hands, compared to its average volume of 135,262. The stock has a 50-day simple moving average of $10.39 and a 200-day simple moving average of $9.50. The stock has a market cap of $310.64 million, a PE ratio of -24.88, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56. Asure Software has a twelve month low of $6.89 and a twelve month high of $12.74. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.

About Asure Software

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.