Asure Software, Inc. (NASDAQ:ASUR) Sees Large Increase in Short Interest

Asure Software, Inc. (NASDAQ:ASUR) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 713,300 shares, an increase of 6.7% from the October 31st total of 668,200 shares. Based on an average daily volume of 92,500 shares, the days-to-cover ratio is currently 7.7 days.

Asure Software Trading Down 1.0 %

Shares of ASUR opened at $9.69 on Tuesday. Asure Software has a twelve month low of $6.89 and a twelve month high of $10.52. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $257.27 million, a P/E ratio of -20.62, a PEG ratio of 1.55 and a beta of 0.53. The firm’s 50-day moving average is $9.15 and its two-hundred day moving average is $8.72.

Institutional Investors Weigh In On Asure Software

Institutional investors and hedge funds have recently modified their holdings of the company. Needham Investment Management LLC boosted its position in Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after purchasing an additional 502,500 shares in the last quarter. Vanguard Group Inc. raised its position in Asure Software by 6.4% during the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock worth $9,191,000 after acquiring an additional 71,495 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of Asure Software by 7.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after purchasing an additional 55,123 shares during the last quarter. Swedbank AB increased its stake in shares of Asure Software by 7.1% during the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Asure Software by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after buying an additional 24,649 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Analysts Set New Price Targets

ASUR has been the topic of a number of recent research reports. Northland Securities dropped their price objective on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Stephens began coverage on Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price objective for the company. Barrington Research reissued an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $14.50.

About Asure Software

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.