Beamr Imaging Ltd. (NASDAQ:BMR) Sees Significant Decline in Short Interest

Beamr Imaging Ltd. (NASDAQ:BMR) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 257,903 shares, a decrease of 29.9% from the December 15th total of 367,977 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 153,549 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily volume of 153,549 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Beamr Imaging in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Beamr Imaging has a consensus rating of “Sell”.

Beamr Imaging Stock Down 3.0%

Shares of NASDAQ BMR traded down $0.06 during midday trading on Friday, reaching $1.91. The company’s stock had a trading volume of 35,874 shares, compared to its average volume of 109,605. Beamr Imaging has a fifty-two week low of $1.54 and a fifty-two week high of $4.37. The business’s 50 day moving average price is $2.04 and its two-hundred day moving average price is $2.64.

Hedge Funds Weigh In On Beamr Imaging

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP purchased a new stake in Beamr Imaging in the third quarter valued at $33,000. Cubist Systematic Strategies LLC purchased a new position in shares of Beamr Imaging during the first quarter worth $84,000. Finally, Susquehanna International Group LLP boosted its position in Beamr Imaging by 15.2% in the 3rd quarter. Susquehanna International Group LLP now owns 57,450 shares of the company’s stock valued at $176,000 after buying an additional 7,600 shares during the period. Hedge funds and other institutional investors own 0.71% of the company’s stock.

Beamr Imaging Company Profile

Beamr Imaging (NASDAQ: BMR) is a technology company specializing in perceptual image and video compression solutions. The company develops software encoders and cloud-based optimization tools that reduce file sizes while preserving visual quality. Its proprietary technology analyzes visual data in accordance with human perception, allowing media providers to deliver high-resolution content with lower bandwidth consumption.

Beamr’s product suite includes an image optimization SDK, a video encoder that supports multiple codecs, and an API for cloud integration.