Short Interest in Asure Software, Inc. (NASDAQ:ASUR) Grows By 12.9%

Asure Software, Inc. (NASDAQ:ASUR) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 805,500 shares, a growth of 12.9% from the November 15th total of 713,300 shares. Based on an average daily volume of 93,100 shares, the short-interest ratio is presently 8.7 days.

Hedge Funds Weigh In On Asure Software

Several hedge funds have recently added to or reduced their stakes in ASUR. Vanguard Group Inc. grew its position in shares of Asure Software by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock valued at $9,191,000 after buying an additional 71,495 shares during the last quarter. Swedbank AB grew its holdings in shares of Asure Software by 16.7% during the second quarter. Swedbank AB now owns 700,000 shares of the technology company’s stock worth $5,880,000 after purchasing an additional 100,000 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Asure Software by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 214,863 shares of the technology company’s stock worth $1,805,000 after purchasing an additional 11,147 shares in the last quarter. Skylands Capital LLC lifted its holdings in shares of Asure Software by 131.5% in the 2nd quarter. Skylands Capital LLC now owns 150,043 shares of the technology company’s stock valued at $1,260,000 after purchasing an additional 85,243 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Asure Software by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after purchasing an additional 2,948 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

Asure Software Stock Performance

Shares of NASDAQ:ASUR traded up $0.24 on Friday, hitting $9.70. 142,382 shares of the company’s stock were exchanged, compared to its average volume of 81,616. The company has a current ratio of 1.07, a quick 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 firm’s 50-day moving average is $9.24 and its 200 day moving average is $8.83.

Analyst Ratings Changes

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