Short Interest in B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Rises By 29.0%

B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 18,700 shares, an increase of 29.0% from the May 31st total of 14,500 shares. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is currently 0.8 days.

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

A hedge fund recently raised its stake in B.O.S. Better Online Solutions stock. Janney Montgomery Scott LLC grew its holdings in B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) by 0.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 611,550 shares of the communications equipment provider’s stock after buying an additional 5,749 shares during the period. Janney Montgomery Scott LLC owned 10.64% of B.O.S. Better Online Solutions worth $1,865,000 as of its most recent filing with the Securities & Exchange Commission. 15.06% of the stock is currently owned by hedge funds and other institutional investors.

B.O.S. Better Online Solutions Price Performance

NASDAQ BOSC traded up $0.01 on Friday, hitting $2.81. The company had a trading volume of 7,102 shares, compared to its average volume of 18,594. The company has a market capitalization of $16.16 million, a PE ratio of 7.81 and a beta of 0.87. The company’s fifty day moving average price is $2.82 and its 200-day moving average price is $2.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.03 and a quick ratio of 1.52. B.O.S. Better Online Solutions has a 12-month low of $2.39 and a 12-month high of $4.16.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its quarterly earnings results on Thursday, May 30th. The communications equipment provider reported $0.13 EPS for the quarter. The company had revenue of $11.29 million during the quarter. B.O.S. Better Online Solutions had a net margin of 4.82% and a return on equity of 11.17%.

Analyst Upgrades and Downgrades

Separately, ThinkEquity assumed coverage on shares of B.O.S. Better Online Solutions in a report on Monday, June 10th. They issued a “buy” rating and a $5.00 price target for the company.

About B.O.S. Better Online Solutions

B.O.S. Better Online Solutions Ltd. provides intelligent robotics, radio frequency identification (RFID), and supply chain solutions for enterprises worldwide. The Intelligent Robotics Division provides custom-made machines for industrial automation and assembly of products and packing that offer technological solutions.