Beamr Imaging Ltd. (NASDAQ:BMR) Sees Large Decline in Short Interest

Beamr Imaging Ltd. (NASDAQ:BMR) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 35,975 shares, a decrease of 88.9% from the October 15th total of 323,744 shares. Based on an average daily volume of 51,776 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

Beamr Imaging Stock Performance

BMR opened at $1.00 on Wednesday. The stock’s fifty day simple moving average is $1.34 and its 200 day simple moving average is $1.54. Beamr Imaging has a 1-year low of $0.96 and a 1-year high of $2.51.

Beamr Imaging (NASDAQ:BMR) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.14) EPS for the quarter. The business had revenue of $0.44 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beamr Imaging in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Beamr Imaging Company Profile

Beamr Imaging Ltd. (NASDAQ:BMR) is a video technology company that develops software for video encoding, compression, and optimization. Its solutions are designed to help businesses process and deliver high-quality video while reducing file sizes, bandwidth requirements, and computing demands. The company’s product portfolio includes the Beamr Video SDK, a software development kit for integrating video encoding and processing capabilities into applications and platforms. Beamr also offers cloud-based video processing solutions intended for media and entertainment companies, streaming providers, content distributors, and other organizations handling large volumes of video.