BSQUARE Co. (NASDAQ:BSQR) Sees Significant Increase in Short Interest

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BSQUARE Co. (NASDAQ:BSQR) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 9,200 shares, an increase of 39.4% from the July 31st total of 6,600 shares. Based on an average daily volume of 27,800 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

In other news, Director Ryan L. Vardeman acquired 26,525 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $1.25 per share, for a total transaction of $33,156.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 13.80% of the stock is owned by insiders.

An institutional investor recently bought a new position in BSQUARE stock. Susquehanna International Group LLP purchased a new position in shares of BSQUARE Co. (NASDAQ:BSQR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,202 shares of the software maker’s stock, valued at approximately $45,000. Susquehanna International Group LLP owned approximately 0.31% of BSQUARE as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 21.70% of the company’s stock.

Shares of NASDAQ:BSQR traded up $0.03 during trading on Thursday, hitting $1.37. 946 shares of the company were exchanged, compared to its average volume of 47,833. The business’s 50 day moving average is $1.27 and its 200-day moving average is $1.58. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. BSQUARE has a 1-year low of $1.16 and a 1-year high of $2.85.

BSQUARE (NASDAQ:BSQR) last announced its quarterly earnings results on Monday, August 12th. The software maker reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $14.18 million for the quarter. BSQUARE had a negative return on equity of 52.91% and a negative net margin of 22.82%.

Separately, ValuEngine upgraded shares of BSQUARE from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

BSQUARE Company Profile

BSQUARE Corporation provides software solutions and related engineering services to businesses that develop, market, and sell standalone intelligent systems in North America, Europe, and Asia. The company offers DataV software solution, which addresses various business use cases specific to Industrial Internet of Things (IIoT) applications, including predictive failure, adaptive diagnostics, and IIoT device management.

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