Short Interest in B.O.S. Better Online Solutions (NASDAQ:BOSC) Declines By 88.9%

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 785 shares, a decrease of 88.9% from the May 31st total of 7,082 shares. Based on an average trading volume of 41,142 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Evernest Financial Advisors LLC raised its position in shares of B.O.S. Better Online Solutions by 604.3% in the 4th quarter. Evernest Financial Advisors LLC now owns 324,000 shares of the communications equipment provider’s stock worth $1,591,000 after purchasing an additional 278,000 shares during the last quarter. Militia Capital Partners LP boosted its stake in B.O.S. Better Online Solutions by 39.4% in the 3rd quarter. Militia Capital Partners LP now owns 177,955 shares of the communications equipment provider’s stock worth $847,000 after purchasing an additional 50,311 shares in the last quarter. Integrated Advisors Network LLC bought a new stake in B.O.S. Better Online Solutions during the 3rd quarter valued at about $90,000. Royal Bank of Canada purchased a new position in B.O.S. Better Online Solutions in the fourth quarter worth about $49,000. Finally, Jane Street Group LLC purchased a new position in B.O.S. Better Online Solutions in the fourth quarter worth about $125,000. 15.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BOSC shares. Alliance Global Partners initiated coverage on B.O.S. Better Online Solutions in a research note on Thursday, April 23rd. They issued a “buy” rating and a $8.00 target price for the company. Weiss Ratings upgraded B.O.S. Better Online Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen lowered B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $8.00.

B.O.S. Better Online Solutions Stock Up 1.9%

Shares of BOSC stock traded up $0.09 during trading hours on Friday, hitting $4.53. 41,192 shares of the company’s stock traded hands, compared to its average volume of 56,628. The stock’s fifty day simple moving average is $4.47 and its two-hundred day simple moving average is $4.66. B.O.S. Better Online Solutions has a 12-month low of $3.80 and a 12-month high of $6.72. The stock has a market cap of $31.90 million, a price-to-earnings ratio of 10.06 and a beta of 1.10. The company has a quick ratio of 2.29, a current ratio of 2.84 and a debt-to-equity ratio of 0.03.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its quarterly earnings results on Friday, May 15th. The communications equipment provider reported $0.11 EPS for the quarter. The firm had revenue of $11.39 million for the quarter. B.O.S. Better Online Solutions had a return on equity of 13.85% and a net margin of 6.45%.

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. 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.