One Stop Systems, Inc. (NASDAQ:OSS) Sees Large Decline in Short Interest

One Stop Systems, Inc. (NASDAQ:OSSGet Rating) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 65,500 shares, a decline of 19.3% from the April 30th total of 81,200 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 57,900 shares, the days-to-cover ratio is presently 1.1 days.

Shares of OSS stock traded up $0.04 during mid-day trading on Tuesday, hitting $4.24. The stock had a trading volume of 21 shares, compared to its average volume of 39,072. One Stop Systems has a 12-month low of $3.74 and a 12-month high of $6.66. The firm has a market capitalization of $84.46 million, a P/E ratio of 28.00 and a beta of 1.59. The firm’s 50-day moving average is $4.32 and its two-hundred day moving average is $4.41.

One Stop Systems (NASDAQ:OSSGet Rating) last issued its earnings results on Thursday, March 24th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). One Stop Systems had a return on equity of 3.18% and a net margin of 4.37%. The firm had revenue of $17.78 million during the quarter, compared to analysts’ expectations of $17.10 million. Sell-side analysts predict that One Stop Systems will post 0.17 earnings per share for the current fiscal year.

In other news, major shareholder Steve D. Cooper sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $4.71, for a total transaction of $141,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Steve D. Cooper sold 47,900 shares of the business’s stock in a transaction on Friday, April 8th. The shares were sold at an average price of $4.16, for a total value of $199,264.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,000 shares of company stock worth $349,216. Corporate insiders own 6.25% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Essex Investment Management Co. LLC lifted its stake in shares of One Stop Systems by 62.6% during the 4th quarter. Essex Investment Management Co. LLC now owns 187,439 shares of the company’s stock worth $928,000 after purchasing an additional 72,171 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of One Stop Systems by 38.9% during the 3rd quarter. Renaissance Technologies LLC now owns 336,100 shares of the company’s stock worth $1,691,000 after purchasing an additional 94,200 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of One Stop Systems during the 4th quarter worth $42,000. Pacific Ridge Capital Partners LLC lifted its stake in shares of One Stop Systems by 16.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 647,107 shares of the company’s stock worth $3,203,000 after purchasing an additional 91,794 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in shares of One Stop Systems by 25.9% during the 3rd quarter. Jump Financial LLC now owns 15,233 shares of the company’s stock worth $76,000 after purchasing an additional 3,133 shares during the last quarter. Institutional investors and hedge funds own 26.60% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded One Stop Systems from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Friday. Roth Capital restated a “buy” rating on shares of One Stop Systems in a report on Wednesday, May 11th. Finally, Benchmark restated a “buy” rating and set a $8.00 price objective on shares of One Stop Systems in a report on Friday, March 25th.

About One Stop Systems (Get Rating)

One Stop Systems, Inc designs, manufactures, and markets high-performance computing modules and systems for edge deployments in the United States and internationally. Its systems are built using the graphical processing unit and solid-state flash technologies. The company provides custom servers, data acquisition platforms, compute accelerators, solid-state storage arrays, PCIe expansion products, and system I/O expansion systems, as well as edge optimized industrial and panel PCs.

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