B.O.S. Better Online Solutions (NASDAQ:BOSC) Short Interest Down 29.7% in March

B.O.S. Better Online Solutions (NASDAQ:BOSC) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 48,831 shares, a decrease of 29.7% from the March 15th total of 69,473 shares. Based on an average daily trading volume, of 74,058 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts have commented on BOSC shares. Weiss Ratings downgraded B.O.S. Better Online Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 24th. Wall Street Zen upgraded shares of B.O.S. Better Online Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, B.O.S. Better Online Solutions presently has an average rating of “Hold”.

B.O.S. Better Online Solutions Price Performance

B.O.S. Better Online Solutions stock opened at $4.60 on Wednesday. The firm has a market capitalization of $32.43 million, a P/E ratio of 8.21 and a beta of 1.16. B.O.S. Better Online Solutions has a 1 year low of $3.49 and a 1 year high of $6.72. The business has a 50-day moving average of $4.79 and a 200-day moving average of $4.84. The company has a current ratio of 2.70, a quick ratio of 2.20 and a debt-to-equity ratio of 0.03.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its quarterly earnings data on Tuesday, March 31st. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $12.62 million during the quarter. B.O.S. Better Online Solutions had a return on equity of 17.04% and a net margin of 7.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in shares of B.O.S. Better Online Solutions during the 3rd quarter worth $39,000. Royal Bank of Canada acquired a new stake in B.O.S. Better Online Solutions in the fourth quarter valued at approximately $49,000. HRT Financial LP bought a new position in shares of B.O.S. Better Online Solutions in the fourth quarter valued at approximately $51,000. Integrated Advisors Network LLC bought a new stake in B.O.S. Better Online Solutions during the third quarter worth $90,000. Finally, XTX Topco Ltd raised its position in B.O.S. Better Online Solutions by 42.0% in the fourth quarter. XTX Topco Ltd now owns 21,410 shares of the communications equipment provider’s stock worth $98,000 after acquiring an additional 6,334 shares during the period. 15.06% of the stock is owned by institutional investors and hedge funds.

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.