Short Interest in B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Grows By 387.9%

B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 520,600 shares, an increase of 387.9% from the May 15th total of 106,700 shares. Based on an average trading volume of 157,400 shares, the days-to-cover ratio is currently 3.3 days. Approximately 9.4% of the shares of the stock are short sold.

B.O.S. Better Online Solutions Price Performance

NASDAQ:BOSC opened at $4.46 on Thursday. The company has a quick ratio of 1.73, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. B.O.S. Better Online Solutions has a 52 week low of $2.50 and a 52 week high of $5.50. The stock’s 50-day moving average price is $3.91 and its 200-day moving average price is $3.76. The stock has a market capitalization of $26.42 million, a PE ratio of 11.44 and a beta of 1.06.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its quarterly earnings results on Thursday, May 29th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $15.03 million for the quarter. B.O.S. Better Online Solutions had a return on equity of 11.31% and a net margin of 5.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in B.O.S. Better Online Solutions during the first quarter worth $49,000. Renaissance Technologies LLC increased its stake in B.O.S. Better Online Solutions by 19.4% during the 4th quarter. Renaissance Technologies LLC now owns 185,411 shares of the communications equipment provider’s stock worth $612,000 after buying an additional 30,100 shares in the last quarter. Finally, Evernest Financial Advisors LLC purchased a new position in shares of B.O.S. Better Online Solutions in the first quarter valued at approximately $629,000. Hedge funds and other institutional investors own 15.06% of the company’s stock.

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.