B.O.S. Better Online Solutions (NASDAQ:BOSC) Short Interest Down 59.8% in August

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 6,623 shares, a decrease of 59.8% from the July 30th total of 16,480 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 33,215 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of B.O.S. Better Online Solutions stock opened at $4.68 on Friday. B.O.S. Better Online Solutions has a 1 year low of $3.80 and a 1 year high of $6.72. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.73 and a quick ratio of 2.18. The business has a 50 day moving average price of $4.43 and a 200 day moving average price of $4.57. The company has a market capitalization of $32.99 million, a P/E ratio of 9.00 and a beta of 1.08.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last released its quarterly earnings results on Thursday, August 20th. The communications equipment provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. B.O.S. Better Online Solutions had a return on equity of 12.69% and a net margin of 7.22%.The company had revenue of $14.85 million during the quarter, compared to the consensus estimate of $12.97 million.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOSC. Militia Capital Management LLC purchased a new position in B.O.S. Better Online Solutions in the 1st quarter valued at about $524,000. Evernest Financial Advisors LLC grew 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 worth $1,591,000 after buying an additional 278,000 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of B.O.S. Better Online Solutions during the third quarter worth about $39,000. HRT Financial LP acquired a new position in shares of B.O.S. Better Online Solutions in the fourth quarter valued at approximately $51,000. Finally, Goldman Sachs Group Inc. raised its position in shares of B.O.S. Better Online Solutions by 65.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 64,431 shares of the communications equipment provider’s stock valued at $294,000 after buying an additional 25,589 shares during the last quarter. Hedge funds and other institutional investors own 15.06% of the company’s stock.

Wall Street Analyst Weigh In

BOSC has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings cut shares of B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $8.00.

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. The RFID Division provides hardware products, such as thermal and barcode printers; RFID and barcode scanners and readers; wireless, mobile, and forklift terminals; wireless infrastructure; active and passive RFID tags; ribbons, labels, and tags; and RFID systems for libraries.