Asure Software, Inc. (NASDAQ:ASUR) Short Interest Up 27.0% in January

Asure Software, Inc. (NASDAQ:ASUR) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 814,400 shares, an increase of 27.0% from the December 31st total of 641,500 shares. Based on an average daily trading volume, of 122,100 shares, the days-to-cover ratio is currently 6.7 days.

Asure Software Stock Performance

ASUR traded down $0.12 on Monday, reaching $11.70. The company had a trading volume of 44,517 shares, compared to its average volume of 135,262. 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 $12.74. The stock has a market capitalization of $310.64 million, a PE ratio of -24.88, a P/E/G ratio of 1.16 and a beta of 0.56. The stock has a 50-day moving average price of $10.39 and a 200-day moving average price of $9.50.

Institutional Trading of Asure Software

Several institutional investors and hedge funds have recently made changes to their positions in ASUR. American Century Companies Inc. increased its position in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after buying an additional 4,756 shares during the period. Swedbank AB raised its position in Asure Software by 7.1% in the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after purchasing an additional 50,000 shares during the last quarter. Whittier Trust Co. purchased a new stake in Asure Software in the 3rd quarter valued at $4,140,000. Rice Hall James & Associates LLC grew its position in Asure Software by 465.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the last quarter. Finally, Huntington National Bank acquired a new position in Asure Software in the third quarter valued at $64,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ASUR shares. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Northland Securities boosted their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Stephens restated an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus upped their price objective on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $14.17.

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.