BSQUARE Co. (NASDAQ:BSQR) Short Interest Up 39.4% in August

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BSQUARE Co. (NASDAQ:BSQR) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 9,200 shares, an increase of 39.4% from the July 31st total of 6,600 shares. Based on an average daily trading volume, of 27,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

In other BSQUARE news, Director Ryan L. Vardeman bought 26,525 shares of BSQUARE stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $1.25 per share, for a total transaction of $33,156.25. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.80% of the company’s stock.

An institutional investor recently bought a new position in BSQUARE stock. Susquehanna International Group LLP bought a new stake in shares of BSQUARE Co. (NASDAQ:BSQR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 39,202 shares of the software maker’s stock, valued at approximately $45,000. Susquehanna International Group LLP owned about 0.31% of BSQUARE at the end of the most recent quarter. Institutional investors own 21.70% of the company’s stock.

Shares of BSQUARE stock traded down $0.01 on Friday, hitting $1.30. 800 shares of the company’s stock traded hands, compared to its average volume of 8,119. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.93 and a current ratio of 1.93. The firm’s 50-day moving average is $1.27 and its 200 day moving average is $1.58. BSQUARE has a 52-week low of $1.16 and a 52-week high of $2.85.

BSQUARE (NASDAQ:BSQR) last released its earnings results on Monday, August 12th. The software maker reported ($0.19) EPS for the quarter. The business had revenue of $14.18 million for the quarter. BSQUARE had a negative net margin of 22.82% and a negative return on equity of 52.91%.

Separately, ValuEngine upgraded BSQUARE from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

BSQUARE Company Profile

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.

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