BIO-key International Inc. (NASDAQ:BKYI) Short Interest Update

BIO-key International Inc. (NASDAQ:BKYI) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 6,628 shares, a decrease of 39.1% from the August 31st total of 10,889 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 12,544 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research raised BIO-key International to a “hold” rating in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BIO-key International in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BIO-key International currently has an average rating of “Reduce”.

BIO-key International Stock Down 18.2%

Shares of NASDAQ:BKYI opened at $2.29 on Friday. The company has a market cap of $3.30 million, a P/E ratio of -0.56 and a beta of 0.50. BIO-key International has a 52 week low of $1.63 and a 52 week high of $19.70. The company has a 50-day moving average price of $3.16 and a 200 day moving average price of $4.36.

BIO-key International (NASDAQ:BKYI) last released its earnings results on Thursday, August 13th. The technology company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.82) by $0.26. The company had revenue of $1.92 million for the quarter, compared to analysts’ expectations of $1.80 million. BIO-key International had a negative return on equity of 67.31% and a negative net margin of 50.01%. Analysts expect that BIO-key International will post -1.62 EPS for the current year.

About BIO-key International

BIO-key International, Inc develops biometric identity and access management solutions designed to help organizations secure applications, devices and networks. Its offerings use fingerprint authentication and other authentication methods to provide alternatives or supplements to passwords, supporting secure access for employees, students, customers and other users.

The company’s products include biometric readers and related software, as well as its PortalGuard identity and access management platform.