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 decline in short interest in the month of October. As of October 31st, there was short interest totalling 28,400 shares, a decline of 13.9% from the October 15th total of 33,000 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is presently 2.9 days.

Institutional Inflows and Outflows

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

B.O.S. Better Online Solutions Stock Performance

Shares of BOSC traded up $0.03 during mid-day trading on Friday, hitting $3.12. 7,051 shares of the company’s stock were exchanged, compared to its average volume of 15,046. The company has a quick ratio of 1.59, a current ratio of 2.33 and a debt-to-equity ratio of 0.05. B.O.S. Better Online Solutions has a 52 week low of $2.46 and a 52 week high of $3.28. The stock’s 50-day simple moving average is $2.94 and its 200-day simple moving average is $2.89. The firm has a market cap of $17.97 million, a price-to-earnings ratio of 9.18 and a beta of 0.85.

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

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.