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

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) saw a significant increase in short interest in 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 trading volume, of 92,500 shares, the short-interest ratio is currently 7.7 days.

Asure Software Trading Down 0.6 %

Shares of NASDAQ:ASUR traded down $0.06 during trading on Tuesday, hitting $9.63. 38,591 shares of the company were exchanged, compared to its average volume of 148,803. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a 1-year low of $6.89 and a 1-year high of $10.52. The business's 50 day moving average is $9.16 and its 200-day moving average is $8.73.

Institutional Trading of Asure Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASUR. FMR LLC increased its position in shares of Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company's stock worth $60,000 after buying an additional 5,199 shares during the period. Huntington National Bank bought a new position in Asure Software during the third quarter worth $64,000. American Century Companies Inc. increased its position in Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company's stock valued at $228,000 after buying an additional 4,756 shares in the last quarter. Rhumbline Advisers raised its position in shares of Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company's stock worth $242,000 after purchasing an additional 2,948 shares during the period. Finally, Barclays PLC increased its position in shares of Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company's stock worth $281,000 after acquiring an additional 21,533 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ASUR shares. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Asure Software in a report on Monday, October 28th. Stephens began coverage on shares of Asure Software in a report on Wednesday, October 16th. They set an "overweight" rating and a $13.00 price target for the company. Northland Securities lowered their price objective on shares of Asure Software from $16.00 to $12.50 and set an "outperform" rating for the company in a research report on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 target price on shares of Asure Software in a report on Friday, November 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average 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.