Asure Software Inc (NASDAQ:ASUR) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,317,035 shares, a growth of 45.3% from the August 15th total of 906,158 shares. Currently, 13.8% of the company’s stock are short sold. Based on an average daily trading volume, of 114,545 shares, the short-interest ratio is currently 11.5 days.

ASUR has been the topic of several recent analyst reports. Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Canaccord Genuity reissued a “buy” rating and set a $17.00 price target on shares of Asure Software in a research report on Wednesday, May 24th. Northland Securities set a $18.00 price target on Asure Software and gave the company a “buy” rating in a research report on Tuesday, August 15th. Cowen and Company initiated coverage on Asure Software in a research report on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Scotiabank lowered Asure Software from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Asure Software presently has a consensus rating of “Buy” and an average target price of $15.88.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Navellier & Associates Inc raised its stake in shares of Asure Software by 13.1% in the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock valued at $730,000 after purchasing an additional 5,775 shares during the period. Wells Fargo & Company MN raised its stake in shares of Asure Software by 12.6% in the 2nd quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock valued at $840,000 after purchasing an additional 6,435 shares during the period. Northern Trust Corp raised its stake in shares of Asure Software by 37.8% in the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock valued at $357,000 after purchasing an additional 6,692 shares during the period. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Asure Software in the 2nd quarter valued at about $161,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Asure Software in the 1st quarter valued at about $122,000. 39.67% of the stock is currently owned by hedge funds and other institutional investors.

Asure Software (ASUR) opened at 11.01 on Tuesday. The firm has a 50-day moving average price of $11.74 and a 200-day moving average price of $12.39. Asure Software has a 52 week low of $6.07 and a 52 week high of $17.27. The stock’s market cap is $136.76 million.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). Asure Software had a negative net margin of 14.26% and a negative return on equity of 17.67%. The firm had revenue of $12.88 million during the quarter, compared to analyst estimates of $12.23 million. On average, equities research analysts predict that Asure Software will post $0.52 EPS for the current year.

WARNING: “Short Interest in Asure Software Inc (ASUR) Rises By 45.3%” was posted by Watch List News and is the property of of Watch List News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/short-interest-in-asure-software-inc-asur-rises-by-45-3/1572083.html.

About Asure Software

Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.

Receive News & Ratings for Asure Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asure Software Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.