Asure Software, Inc. (NASDAQ:ASUR) Sees Significant Growth in Short Interest

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 trading volume of 93,100 shares, the short-interest ratio is presently 8.7 days.

Institutional Trading of Asure Software

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Asure Software by 6.4% in the first 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 period. Swedbank AB raised its stake 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 valued at $5,880,000 after acquiring an additional 100,000 shares during the last quarter. Rice Hall James & Associates LLC acquired a new position in shares of Asure Software during the second quarter worth $782,000. Pacific Ridge Capital Partners LLC grew its stake 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 worth $6,334,000 after purchasing an additional 55,123 shares during the last quarter. Finally, Whittier Trust Co. acquired a new stake in Asure Software in the third quarter valued at $4,140,000. 71.58% of the stock is owned by institutional investors and hedge funds.

Asure Software Price Performance

Shares of NASDAQ:ASUR traded up $0.24 during trading on Friday, hitting $9.70. 142,382 shares of the company were exchanged, compared to its average volume of 81,616. 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 company has a market capitalization of $257.54 million, a P/E ratio of -20.64, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53. The business’s 50 day moving average is $9.24 and its 200-day moving average is $8.84.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, November 1st. Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Asure Software in a report on Monday, October 28th. Stephens assumed coverage on shares of Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price on the stock. Finally, Northland Securities cut 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus 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.