Asure Software, Inc. (NASDAQ:ASUR) Sees Significant Increase in Short Interest

Asure Software, Inc. (NASDAQ:ASUR) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 713,300 shares, a growth of 6.7% from the October 31st total of 668,200 shares. Based on an average trading volume of 92,500 shares, the days-to-cover ratio is currently 7.7 days.

Asure Software Trading Down 0.6 %

ASUR stock opened at $9.63 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $9.16 and its 200 day simple moving average is $8.73. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $10.52.

Institutional Trading of Asure Software

Several large investors have recently added to or reduced their stakes in ASUR. Vanguard Group Inc. grew its stake in shares of Asure Software by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock worth $9,191,000 after purchasing an additional 71,495 shares in the last quarter. Boston Partners grew its position in Asure Software by 43.3% in the 1st quarter. Boston Partners now owns 243,710 shares of the technology company’s stock valued at $1,896,000 after buying an additional 73,633 shares in the last quarter. Swedbank AB increased its stake in Asure Software by 16.7% during the 2nd quarter. Swedbank AB now owns 700,000 shares of the technology company’s stock valued at $5,880,000 after buying an additional 100,000 shares during the period. Bank of New York Mellon Corp raised its position in shares of Asure Software by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 214,863 shares of the technology company’s stock worth $1,805,000 after buying an additional 11,147 shares in the last quarter. Finally, Skylands Capital LLC lifted its stake in shares of Asure Software by 131.5% in the 2nd quarter. Skylands Capital LLC now owns 150,043 shares of the technology company’s stock worth $1,260,000 after acquiring an additional 85,243 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ASUR. Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Monday, October 28th. Stephens began coverage on shares of Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price objective for the company. Northland Securities dropped their price objective on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research note on Friday, November 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Asure Software has an average rating of “Buy” and a consensus target price of $14.50.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.