Short Interest in B.O.S. Better Online Solutions (NASDAQ:BOSC) Grows By 202.3%

B.O.S. Better Online Solutions (NASDAQ:BOSC) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 7,082 shares, an increase of 202.3% from the May 14th total of 2,343 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 103,462 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BOSC. Alliance Global Partners began coverage on shares of B.O.S. Better Online Solutions in a research note on Thursday, April 23rd. They set a “buy” rating and a $8.00 price objective for the company. Weiss Ratings raised shares of B.O.S. Better Online Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Wall Street Zen cut B.O.S. Better Online Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $8.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of B.O.S. Better Online Solutions by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 243,311 shares of the communications equipment provider’s stock worth $1,092,000 after acquiring an additional 6,404 shares in the last quarter. Militia Capital Management LLC bought a new position in shares of B.O.S. Better Online Solutions in the 1st quarter worth about $524,000. XTX Topco Ltd increased its stake in shares of B.O.S. Better Online Solutions by 42.0% in the 4th 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 in the last quarter. Royal Bank of Canada purchased a new stake in shares of B.O.S. Better Online Solutions in the 4th quarter worth approximately $49,000. Finally, Evernest Financial Advisors LLC boosted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 15.06% of the company’s stock.

B.O.S. Better Online Solutions Trading Down 0.5%

Shares of BOSC opened at $4.23 on Friday. The firm’s 50-day moving average price is $4.53 and its 200-day moving average price is $4.67. The firm has a market capitalization of $29.82 million, a price-to-earnings ratio of 9.40 and a beta of 1.10. The company has a current ratio of 2.84, a quick ratio of 2.29 and a debt-to-equity ratio of 0.03. B.O.S. Better Online Solutions has a 1-year low of $3.80 and a 1-year high of $6.72.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last released its earnings results on Friday, May 15th. The communications equipment provider reported $0.11 EPS for the quarter. The company had revenue of $11.39 million during 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.