B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) Sees Large Decline in Short Interest

B.O.S. Better Online Solutions Ltd. (NASDAQ:BOSC) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 28,400 shares, a decrease of 13.9% from the October 15th total of 33,000 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is presently 2.9 days.

B.O.S. Better Online Solutions Stock Performance

BOSC traded up $0.01 during midday trading on Monday, reaching $3.13. The company’s stock had a trading volume of 63,786 shares, compared to its average volume of 15,266. B.O.S. Better Online Solutions has a twelve month low of $2.46 and a twelve month high of $3.28. The company has a fifty day simple moving average of $2.94 and a 200 day simple moving average of $2.89. The stock has a market cap of $18.03 million, a P/E ratio of 9.18 and a beta of 0.85. The company has a current ratio of 2.33, a quick ratio of 1.59 and a debt-to-equity ratio of 0.05.

B.O.S. Better Online Solutions (NASDAQ:BOSC) last issued its earnings results on Thursday, August 22nd. The communications equipment provider reported $0.09 earnings per share for the quarter. The business had revenue of $8.45 million for the quarter. B.O.S. Better Online Solutions had a net margin of 4.90% and a return on equity of 10.30%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in shares of B.O.S. Better Online Solutions by 4.6% in the 2nd quarter. Renaissance Technologies LLC now owns 160,211 shares of the communications equipment provider’s stock worth $450,000 after purchasing an additional 7,095 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in B.O.S. Better Online Solutions by 278.0% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 37,800 shares of the communications equipment provider’s stock valued at $112,000 after purchasing an additional 27,800 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in B.O.S. Better Online Solutions by 1.9% in the third quarter. Janney Montgomery Scott LLC now owns 638,700 shares of the communications equipment provider’s stock valued at $1,884,000 after buying an additional 11,850 shares in the last quarter. 15.06% of the stock is currently owned by institutional investors and hedge funds.

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.