Short Interest in BSQUARE Co. (NASDAQ:BSQR) Drops By 26.8%

BSQUARE Co. (NASDAQ:BSQRGet Rating) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 155,500 shares, a drop of 26.8% from the May 31st total of 212,500 shares. Based on an average trading volume of 69,100 shares, the days-to-cover ratio is presently 2.3 days.

A hedge fund recently bought a new stake in BSQUARE stock. Schonfeld Strategic Advisors LLC acquired a new stake in shares of BSQUARE Co. (NASDAQ:BSQRGet Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 100,400 shares of the software maker’s stock, valued at approximately $242,000. Schonfeld Strategic Advisors LLC owned about 0.49% of BSQUARE at the end of the most recent quarter. 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 Wednesday, June 29th. They set a “sell” rating on the stock.

Shares of BSQR stock traded up $0.02 during trading hours on Tuesday, reaching $1.28. The company’s stock had a trading volume of 522 shares, compared to its average volume of 62,460. The stock has a market capitalization of $26.18 million, a P/E ratio of -10.67 and a beta of 1.48. BSQUARE has a one year low of $1.19 and a one year high of $7.65. The firm’s fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.54.

BSQUARE (NASDAQ:BSQRGet Rating) last released its quarterly earnings results on Thursday, May 12th. The software maker reported ($0.05) earnings per share for the quarter. BSQUARE had a negative net margin of 5.66% and a negative return on equity of 7.20%. The firm had revenue of $9.73 million for the quarter.

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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