Document Security Systems, Inc. (NYSEAMERICAN:DSS) Short Interest Down 16.7% in September

Document Security Systems, Inc. (NYSEAMERICAN:DSS) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 123,300 shares, a decrease of 16.7% from the August 30th total of 148,100 shares. Based on an average daily volume of 232,400 shares, the short-interest ratio is presently 0.5 days. Approximately 0.6% of the company’s stock are short sold.

A number of research analysts have recently weighed in on DSS shares. Aegis started coverage on shares of Document Security Systems in a research report on Thursday, October 10th. They set a “buy” rating for the company. TheStreet downgraded shares of Document Security Systems from a “c-” rating to a “d” rating in a research report on Wednesday, August 21st.

A hedge fund recently raised its stake in Document Security Systems stock. Vanguard Group Inc. grew its stake in shares of Document Security Systems, Inc. (NYSEAMERICAN:DSS) by 19.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 163,897 shares of the business services provider’s stock after acquiring an additional 26,740 shares during the period. Vanguard Group Inc. owned about 0.91% of Document Security Systems worth $82,000 at the end of the most recent reporting period.

Document Security Systems stock opened at $0.38 on Tuesday. Document Security Systems has a twelve month low of $0.32 and a twelve month high of $1.99.

Document Security Systems (NYSEAMERICAN:DSS) last released its earnings results on Tuesday, August 13th. The business services provider reported ($0.05) earnings per share for the quarter. The firm had revenue of $4.11 million for the quarter, compared to analysts’ expectations of $4.80 million.

About Document Security Systems

Document Security Systems, Inc focuses on developing and selling anti-counterfeiting, product authentication, and brand protection technology solutions. It operates through five segments: DSS Packaging and Printing Group, DSS Plastics Group, DSS Digital Group, DSS and DSS Technology Management, and DSS International.

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