B.O.S. Better Online Solutions (NASDAQ:BOSC) Short Interest Down 59.8% in August

B.O.S. Better Online Solutions (NASDAQ:BOSC) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 6,623 shares, a decrease of 59.8% from the July 30th total of 16,480 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 33,215 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Wall Street Zen downgraded shares of B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, B.O.S. Better Online Solutions has an average rating of “Moderate Buy” and an average target price of $8.00.

Institutional Trading of B.O.S. Better Online Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Militia Capital Management LLC acquired a new position in shares of B.O.S. Better Online Solutions in the first quarter valued at approximately $524,000. Renaissance Technologies LLC lifted its stake in shares of B.O.S. Better Online Solutions by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 243,311 shares of the communications equipment provider’s stock worth $1,092,000 after acquiring an additional 6,404 shares during the period. XTX Topco Ltd raised its holdings in B.O.S. Better Online Solutions by 42.0% during the fourth quarter. XTX Topco Ltd now owns 21,410 shares of the communications equipment provider’s stock worth $98,000 after purchasing an additional 6,334 shares in the last quarter. Royal Bank of Canada acquired a new stake in B.O.S. Better Online Solutions in the fourth quarter valued at about $49,000. Finally, Evernest Financial Advisors LLC lifted its position in B.O.S. Better Online Solutions by 604.3% in the fourth quarter. Evernest Financial Advisors LLC now owns 324,000 shares of the communications equipment provider’s stock valued at $1,591,000 after purchasing an additional 278,000 shares during the period. 15.06% of the stock is owned by institutional investors and hedge funds.

B.O.S. Better Online Solutions Trading Up 2.9%

NASDAQ BOSC opened at $4.68 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 2.73. The firm has a market cap of $32.99 million, a PE ratio of 9.00 and a beta of 1.08. B.O.S. Better Online Solutions has a one year low of $3.80 and a one year high of $6.72. The firm’s fifty day moving average is $4.43 and its two-hundred day moving average is $4.57.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last announced its earnings results on Thursday, August 20th. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. B.O.S. Better Online Solutions had a net margin of 7.22% and a return on equity of 12.69%. The business had revenue of $14.85 million during the quarter, compared to the consensus estimate of $12.97 million.

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. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries.