BSQUARE Co. (NASDAQ:BSQR) Sees Large Decrease in Short Interest

BSQUARE Co. (NASDAQ:BSQR) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 2,200 shares, a decline of 87.7% from the June 30th total of 17,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 51,300 shares, the days-to-cover ratio is currently 0.0 days.

Shares of BSQR stock opened at $1.48 on Friday. BSQUARE has a 52 week low of $0.83 and a 52 week high of $2.00. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.32.

BSQUARE (NASDAQ:BSQR) last announced its quarterly earnings results on Monday, May 11th. The software maker reported ($0.04) EPS for the quarter. The company had revenue of $16.73 million during the quarter. BSQUARE had a negative return on equity of 42.72% and a negative net margin of 11.18%.

In other news, insider Value Fund Lp Palogic bought 67,296 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average price of $1.27 per share, for a total transaction of $85,465.92. In the last 90 days, insiders have purchased 85,629 shares of company stock worth $110,865. 13.80% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in BSQUARE stock. Renaissance Technologies LLC grew its holdings in shares of BSQUARE Co. (NASDAQ:BSQR) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 954,023 shares of the software maker’s stock after buying an additional 18,344 shares during the quarter. Renaissance Technologies LLC owned 7.35% of BSQUARE worth $1,326,000 at the end of the most recent reporting period. Institutional investors own 18.15% of the company’s stock.

Separately, ValuEngine cut shares of BSQUARE from a “buy” rating to a “hold” rating in a research note on Monday, April 27th.

About BSQUARE

BSQUARE Corporation provides software solutions and related engineering services to businesses that develop, market, and sell standalone intelligent systems in North America, Europe, and Asia. The company offers DataV software solution, which addresses various business use cases specific to Industrial Internet of Things (IIoT) applications, including predictive failure, adaptive diagnostics, and IIoT device management.

Further Reading: Net Margin

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