Beamr Imaging Ltd. (NASDAQ:BMR) Sees Large Decline in Short Interest

Beamr Imaging Ltd. (NASDAQ:BMR) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 306,400 shares, a decline of 29.6% from the September 30th total of 435,000 shares. Based on an average daily volume of 453,300 shares, the short-interest ratio is presently 0.7 days. Currently, 2.8% of the shares of the stock are sold short. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 453,300 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Beamr Imaging stock. Cubist Systematic Strategies LLC bought a new position in shares of Beamr Imaging Ltd. (NASDAQ:BMR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 38,400 shares of the company’s stock, valued at approximately $84,000. Cubist Systematic Strategies LLC owned about 0.30% of Beamr Imaging at the end of the most recent reporting period. Institutional investors and hedge funds own 0.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen lowered Beamr Imaging from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Beamr Imaging in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Beamr Imaging Price Performance

NASDAQ:BMR traded down $0.12 during trading hours on Tuesday, hitting $2.41. 58,813 shares of the stock were exchanged, compared to its average volume of 338,169. Beamr Imaging has a 52-week low of $1.86 and a 52-week high of $6.59. The firm’s fifty day moving average price is $2.88 and its 200 day moving average price is $2.95.

About Beamr Imaging

Beamr Imaging Ltd. provides video encoding, transcoding, and optimization solutions in the United States, Israel, and internationally. It offers a suite of video compression software encoder solutions, including Beamr 4 H.264, Beamr 4X H.264 content adaptive, Beamr 5 HEVC, and Beamr 5X HEVC content adaptive encoders; Beamr JPEGmini photo optimization software solutions for reducing joint photographic experts group file sizes; and Beamr Silicon IP block, a hardware solution for integration into dedicated video encoding application-specific integrated circuits, graphics processing units, and application processors.