B.O.S. Better Online Solutions (NASDAQ:BOSC) Shares Shorted: Short Interest Up 332.3% in September

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 22,510 shares, a growth of 332.3% from the September 15th total of 5,207 shares. Based on an average trading volume of 18,767 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the company’s stock are sold short.

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 assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $8.00.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Militia Capital Management LLC purchased a new stake in B.O.S. Better Online Solutions in the first quarter worth about $524,000. Renaissance Technologies LLC increased its stake in shares of 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 valued at $1,092,000 after purchasing an additional 6,404 shares in the last quarter. Finally, Evernest Financial Advisors LLC lifted its holdings in shares of B.O.S. Better Online Solutions by 604.3% during the fourth quarter. Evernest Financial Advisors LLC now owns 324,000 shares of the communications equipment provider’s stock valued at $1,591,000 after purchasing an additional 278,000 shares during the last quarter. Hedge funds and other institutional investors own 15.06% of the company’s stock.

B.O.S. Better Online Solutions Stock Up 2.9%

Shares of BOSC stock traded up $0.13 during mid-day trading on Friday, reaching $4.56. 8,842 shares of the company’s stock traded hands, compared to its average volume of 23,789. B.O.S. Better Online Solutions has a 12 month low of $3.80 and a 12 month high of $6.72. The company has a market cap of $32.15 million, a P/E ratio of 8.77 and a beta of 1.04. The company has a quick ratio of 2.18, a current ratio of 2.73 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $4.63 and its 200-day moving average price is $4.54.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its quarterly earnings results on Friday, August 14th. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 7.22% and a return on equity of 12.69%.

B.O.S. Better Online Solutions Company Profile

B.O.S. Better Online Solutions Ltd. is an Israel-based technology company that provides supply chain management and radio-frequency identification (RFID) solutions. Its offerings are designed to help organizations track inventory and assets, manage warehouse and logistics operations, and improve the flow of information across supply chain processes.

The company’s solutions include automatic identification and data-collection technologies, such as barcode and RFID systems, mobile computing equipment, software applications, systems integration, and related support services.