BSQUARE Co. (NASDAQ:BSQR) Short Interest Update

BSQUARE Co. (NASDAQ:BSQR – Get Rating) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 92,900 shares, a decline of 60.6% from the April 30th total of 236,000 shares. Based on an average daily trading volume, of 76,800 shares, the days-to-cover ratio is currently 1.2 days.

BSQUARE stock opened at $1.32 on Friday. BSQUARE has a 52 week low of $1.19 and a 52 week high of $8.20. The business has a 50-day simple moving average of $1.53 and a 200 day simple moving average of $1.68. The stock has a market cap of $26.99 million, a price-to-earnings ratio of -11.00 and a beta of 1.52.

BSQUARE (NASDAQ:BSQR – Get Rating) last posted its earnings results on Thursday, March 10th. The software maker reported ($0.04) EPS for the quarter. BSQUARE had a negative return on equity of 7.20% and a negative net margin of 5.66%. The business had revenue of $9.08 million for the quarter.

Several institutional investors have recently made changes to their positions in BSQR. Millennium Management LLC raised its holdings in shares of BSQUARE by 52.6% during the 4th quarter. Millennium Management LLC now owns 23,676 shares of the software maker’s stock valued at $40,000 after buying an additional 8,161 shares in the last quarter. BlackRock Inc. raised its stake in shares of BSQUARE by 5.5% during the fourth quarter. BlackRock Inc. now owns 286,337 shares of the software maker’s stock worth $490,000 after acquiring an additional 15,009 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of BSQUARE in the 3rd quarter valued at $67,000. Virtu Financial LLC bought a new position in shares of BSQUARE during the 4th quarter valued at $53,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of BSQUARE during the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 10.93% of the company’s stock.

Separately, StockNews.com started coverage on BSQUARE in a research report on Friday, May 20th. They set a “sell” rating for the company.

About BSQUARE (Get Rating)

BSQUARE Corporation develops and deploys technologies for the makers and operators of connected devices in North America, Europe, and Asia. The company operates through two segments, Partner Solutions and Edge to Cloud. It offers software that connect devices to create intelligent systems; and embedded operating system software and services for makers of connected and intelligent devices, such as point-of-sale terminals, kiosks, tablets and handheld data collection devices, smart vending machines, ATMs, essential equipment in buildings and facilities environments, digital signs, and in-vehicle telematics and entertainment devices.

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