BIO-key International Inc. (NASDAQ:BKYI) Sees Significant Drop in Short Interest

BIO-key International Inc. (NASDAQ:BKYI) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 6,628 shares, a decline of 39.1% from the August 31st total of 10,889 shares. Based on an average daily trading volume, of 12,544 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.

Analysts Set New Price Targets

BKYI has been the topic of several research analyst reports. Zacks Research upgraded shares of BIO-key International to a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of BIO-key International in a research note on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

BIO-key International Trading Down 10.3%

Shares of BKYI opened at $2.80 on Thursday. The firm has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $4.39. The firm has a market cap of $4.03 million, a PE ratio of -0.68 and a beta of 0.40. BIO-key International has a 1-year low of $1.63 and a 1-year high of $19.70.

BIO-key International (NASDAQ:BKYI) last released its quarterly earnings results on Thursday, August 13th. The technology company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.82) by $0.26. BIO-key International had a negative return on equity of 67.31% and a negative net margin of 50.01%.The firm had revenue of $1.92 million for the quarter, compared to the consensus estimate of $1.80 million. As a group, research analysts forecast that BIO-key International will post -1.62 EPS for the current fiscal year.

About BIO-key International

BIO-key International, Inc develops biometric identity and access management solutions designed to help organizations secure applications, devices and networks. Its offerings use fingerprint authentication and other authentication methods to provide alternatives or supplements to passwords, supporting secure access for employees, students, customers and other users.

The company’s products include biometric readers and related software, as well as its PortalGuard identity and access management platform.