B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Sees Large Increase in Short Interest

B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 25,200 shares, a growth of 8.6% from the August 15th total of 23,200 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is currently 1.6 days.

Analysts Set New Price Targets

Separately, ThinkEquity started coverage on B.O.S. Better Online Solutions in a report on Monday, June 10th. They set a “buy” rating and a $5.00 price target on the stock.

Institutional Trading of B.O.S. Better Online Solutions

A hedge fund recently raised its stake in B.O.S. Better Online Solutions stock. Renaissance Technologies LLC boosted its holdings in shares of B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,211 shares of the communications equipment provider’s stock after buying an additional 7,095 shares during the quarter. Renaissance Technologies LLC owned approximately 2.79% of B.O.S. Better Online Solutions worth $450,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.06% of the company’s stock.

B.O.S. Better Online Solutions Stock Performance

Shares of NASDAQ BOSC traded up $0.05 during trading on Tuesday, reaching $2.90. 10,160 shares of the company traded hands, compared to its average volume of 16,020. The firm has a 50 day simple moving average of $2.89 and a 200-day simple moving average of $2.84. B.O.S. Better Online Solutions has a 52-week low of $2.39 and a 52-week high of $4.00. The stock has a market capitalization of $16.67 million, a PE ratio of 7.97 and a beta of 0.84. The company has a quick ratio of 1.59, a current ratio of 2.33 and a debt-to-equity ratio of 0.05.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its earnings results on Thursday, August 22nd. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $8.45 million for the quarter. B.O.S. Better Online Solutions had a net margin of 4.90% and a return on equity of 10.30%.

B.O.S. Better Online Solutions Company Profile

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.