Short Interest in Asure Software Inc (ASUR) Expands By 45.3%
Asure Software Inc (NASDAQ:ASUR) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 1,317,035 shares, an increase of 45.3% from the August 15th total of 906,158 shares. Based on an average daily volume of 114,545 shares, the days-to-cover ratio is currently 11.5 days. Approximately 13.8% of the shares of the stock are sold short.
Shares of Asure Software (ASUR) opened at 10.62 on Friday. Asure Software has a 1-year low of $5.98 and a 1-year high of $17.27. The company has a 50-day moving average price of $11.79 and a 200 day moving average price of $12.37. The firm’s market capitalization is $131.91 million.
Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. The company had revenue of $12.88 million for the quarter, compared to the consensus estimate of $12.23 million. On average, equities research analysts predict that Asure Software will post $0.52 EPS for the current year.
Several research firms have recently issued reports on ASUR. Scotiabank lowered Asure Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 7th. Cowen and Company began coverage on Asure Software in a report on Wednesday, September 6th. They set an “outperform” rating and a $16.00 target price on the stock. Zacks Investment Research lowered Asure Software from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Northland Securities set a $18.00 target price on Asure Software and gave the stock a “buy” rating in a report on Tuesday, August 15th. Finally, Canaccord Genuity reissued a “buy” rating and set a $18.00 target price on shares of Asure Software in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $15.88.
Large investors have recently added to or reduced their stakes in the stock. Unterberg Capital LLC bought a new stake in shares of Asure Software during the 2nd quarter valued at $2,922,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Asure Software during the 2nd quarter valued at $161,000. Wells Fargo & Company MN bought a new stake in shares of Asure Software during the 1st quarter valued at $525,000. Skylands Capital LLC raised its stake in shares of Asure Software by 11.4% during the 2nd quarter. Skylands Capital LLC now owns 148,775 shares of the technology company’s stock valued at $2,174,000 after purchasing an additional 15,199 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Asure Software during the 2nd quarter valued at $964,000. Institutional investors own 39.68% of the company’s stock.
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About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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