B.O.S. Better Online Solutions (NASDAQ:BOSC) Stock Short Interest Report for October

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,643 shares, a decline of 83.8% from the September 30th total of 22,510 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 23,672 shares, the days-to-cover ratio is currently 0.2 days.

B.O.S. Better Online Solutions Trading Up 0.5%

Shares of B.O.S. Better Online Solutions stock traded up $0.02 during trading on Wednesday, hitting $4.35. The company’s stock had a trading volume of 45,982 shares, compared to its average volume of 45,684. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.73 and a quick ratio of 2.18. B.O.S. Better Online Solutions has a 52 week low of $3.80 and a 52 week high of $6.72. The stock has a market cap of $30.88 million, a price-to-earnings ratio of 8.37 and a beta of 1.04. The stock has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $4.61.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last announced its earnings results on Friday, August 14th. The communications equipment provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. B.O.S. Better Online Solutions had a return on equity of 12.69% and a net margin of 7.22%. The business had revenue of $14.85 million for the quarter, compared to analysts’ expectations of $12.97 million.

Institutional Investors Weigh In On B.O.S. Better Online Solutions

A hedge fund recently raised its position in B.O.S. Better Online Solutions stock. Renaissance Technologies LLC raised its holdings in B.O.S. Better Online Solutions (NASDAQ:BOSC) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,311 shares of the communications equipment provider’s stock after purchasing an additional 6,404 shares during the quarter. Renaissance Technologies LLC owned 3.45% of B.O.S. Better Online Solutions worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 15.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of B.O.S. Better Online Solutions in a report on Tuesday, September 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

About B.O.S. Better Online Solutions

B.O.S. Better Online Solutions Ltd. is an Israel-based technology company that provides supply chain and radio-frequency identification (RFID) solutions. The company helps organizations improve the visibility, tracking and management of inventory, assets and business processes through a combination of software, hardware and systems integration services.

Its RFID activities include the supply of RFID tags, readers, printers and related equipment, as well as software and implementation services.