One Stop Systems, Inc. (NASDAQ:OSS) Sees Large Drop in Short Interest

One Stop Systems, Inc. (NASDAQ:OSS) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 47,400 shares, a decline of 22.2% from the August 31st total of 60,900 shares. Based on an average daily volume of 90,200 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

One Stop Systems Price Performance

OSS traded up $0.20 during trading on Friday, hitting $2.32. The company’s stock had a trading volume of 67,203 shares, compared to its average volume of 94,306. The firm’s 50 day moving average price is $2.20 and its 200-day moving average price is $2.54. The stock has a market cap of $48.53 million, a PE ratio of -6.27 and a beta of 1.28. One Stop Systems has a twelve month low of $1.77 and a twelve month high of $4.57.

One Stop Systems (NASDAQ:OSS) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.04). One Stop Systems had a negative net margin of 14.41% and a negative return on equity of 13.22%. The company had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $13.00 million. Equities analysts anticipate that One Stop Systems will post -0.26 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Joseph M. Jr. Manko acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $1.94 per share, for a total transaction of $97,000.00. Following the transaction, the director now directly owns 1,149,899 shares of the company’s stock, valued at approximately $2,230,804.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 13.60% of the company’s stock.

Institutional Trading of One Stop Systems

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in One Stop Systems by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 698,226 shares of the company’s stock worth $2,276,000 after purchasing an additional 13,036 shares during the period. Renaissance Technologies LLC boosted its position in One Stop Systems by 15.7% during the 2nd quarter. Renaissance Technologies LLC now owns 61,200 shares of the company’s stock worth $147,000 after purchasing an additional 8,300 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in One Stop Systems during the 2nd quarter worth $61,000. Finally, Legato Capital Management LLC purchased a new stake in One Stop Systems during the 2nd quarter worth $35,000. 32.67% of the stock is owned by hedge funds and other institutional investors.

About One Stop Systems

One Stop Systems, Inc engages in the design, manufacture, and marketing of high-performance compute, high speed storage hardware and software, switch fabrics, and systems for edge deployments in the United States and internationally. The company's systems are built using the central processing unit, graphical processing unit, high-speed switch fabrics, and flash storage technologies.