B.O.S. Better Online Solutions (NASDAQ:BOSC) Shares Shorted: Short Interest Down 83.8% in October

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the target of a significant decline in short interest in 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. Based on an average daily volume of 23,672 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

B.O.S. Better Online Solutions Stock Performance

Shares of BOSC stock traded down $0.03 during trading hours on Tuesday, reaching $4.37. 14,022 shares of the company’s stock were exchanged, compared to its average volume of 45,584. B.O.S. Better Online Solutions has a 1 year low of $3.80 and a 1 year high of $6.72. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.73 and a quick ratio of 2.18. The company’s 50 day moving average is $4.59 and its two-hundred day moving average is $4.61. The company has a market cap of $31.00 million, a P/E ratio of 8.39 and a beta of 1.04.

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

Analyst Ratings Changes

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

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

An institutional investor recently bought a new position in B.O.S. Better Online Solutions stock. Militia Capital Management LLC acquired a new position in shares of B.O.S. Better Online Solutions (NASDAQ:BOSC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 116,677 shares of the communications equipment provider’s stock, valued at approximately $524,000. Militia Capital Management LLC owned approximately 1.65% of B.O.S. Better Online Solutions at the end of the most recent reporting period. 15.06% of the stock is owned by institutional investors.

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.