Beamr Imaging Ltd. (NASDAQ:BMR) Sees Significant Drop in Short Interest

Beamr Imaging Ltd. (NASDAQ:BMR) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 435,000 shares, a drop of 53.2% from the September 15th total of 929,900 shares. Based on an average trading volume of 434,000 shares, the short-interest ratio is currently 1.0 days. Approximately 4.0% of the company’s shares are short sold. Approximately 4.0% of the company’s shares are short sold. Based on an average trading volume of 434,000 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Beamr Imaging from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Beamr Imaging in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Beamr Imaging Price Performance

BMR opened at $2.65 on Monday. The stock’s 50-day moving average price is $2.94 and its 200 day moving average price is $2.90. Beamr Imaging has a 12-month low of $1.86 and a 12-month high of $6.59.

Institutional Trading of Beamr Imaging

A hedge fund recently bought a new stake in Beamr Imaging stock. Cubist Systematic Strategies LLC acquired a new position in shares of Beamr Imaging Ltd. (NASDAQ:BMR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,400 shares of the company’s stock, valued at approximately $84,000. Cubist Systematic Strategies LLC owned 0.30% of Beamr Imaging at the end of the most recent quarter. 0.71% of the stock is currently owned by hedge funds and other institutional investors.

About Beamr Imaging

Beamr Imaging Ltd. provides video encoding, transcoding, and optimization solutions in the United States, Israel, and internationally. It offers a suite of video compression software encoder solutions, including Beamr 4 H.264, Beamr 4X H.264 content adaptive, Beamr 5 HEVC, and Beamr 5X HEVC content adaptive encoders; Beamr JPEGmini photo optimization software solutions for reducing joint photographic experts group file sizes; and Beamr Silicon IP block, a hardware solution for integration into dedicated video encoding application-specific integrated circuits, graphics processing units, and application processors.