B.O.S. Better Online Solutions (NASDAQ:BOSC) Shares Shorted: Short Interest Down 72.7% in September

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,207 shares, a decline of 72.7% from the August 31st total of 19,106 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 30,976 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

BOSC has been the topic of a number of recent research reports. Wall Street Zen downgraded B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings downgraded shares of B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $8.00.

B.O.S. Better Online Solutions Stock Performance

Shares of B.O.S. Better Online Solutions stock opened at $4.74 on Friday. B.O.S. Better Online Solutions has a 12-month low of $3.80 and a 12-month high of $6.72. The firm’s 50 day simple moving average is $4.58 and its two-hundred day simple moving average is $4.56. The company has a current ratio of 2.73, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $33.42 million, a price-to-earnings ratio of 9.12 and a beta of 1.08.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BOSC. Militia Capital Management LLC purchased a new position in shares of B.O.S. Better Online Solutions in the first quarter worth about $524,000. Renaissance Technologies LLC lifted its stake in B.O.S. Better Online Solutions by 2.7% during the first quarter. Renaissance Technologies LLC now owns 243,311 shares of the communications equipment provider’s stock worth $1,092,000 after purchasing an additional 6,404 shares in the last quarter. Finally, Evernest Financial Advisors LLC raised its holdings in shares of B.O.S. Better Online Solutions by 604.3% in the 4th quarter. Evernest Financial Advisors LLC now owns 324,000 shares of the communications equipment provider’s stock valued at $1,591,000 after buying an additional 278,000 shares during the period. Institutional investors and hedge funds own 15.06% of the company’s stock.

About B.O.S. Better Online Solutions

B.O.S. Better Online Solutions Ltd. is an Israel-based technology company that provides supply chain management and customer relationship management solutions. The company serves organizations that need to track inventory, manage warehouse operations, improve field activities and coordinate customer-facing processes.

Its supply chain offerings include radio-frequency identification (RFID), barcode and automatic identification technologies, mobile computing systems, warehouse management software, route-accounting applications and related hardware, integration and support services.