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

Beamr Imaging Ltd. (NASDAQ:BMR) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 480,100 shares, an increase of 12.2% from the October 15th total of 427,900 shares. Based on an average daily trading volume, of 153,300 shares, the days-to-cover ratio is currently 3.1 days. Approximately 4.9% of the shares of the stock are short sold.

Beamr Imaging Stock Down 3.3 %

Shares of BMR traded down $0.09 during trading hours on Friday, reaching $2.61. 127,325 shares of the company traded hands, compared to its average volume of 2,161,176. The company’s fifty day moving average price is $3.39. Beamr Imaging has a fifty-two week low of $1.11 and a fifty-two week high of $34.94.

Beamr Imaging Company Profile

Beamr Imaging Ltd. provides video encoding, transcoding, and optimization solutions in the United States, Israel, and internationally. It offers a suite of video compression software encoder solutions, including Beamr 4 H.264, Beamr 4X H.264 content adaptive, Beamr 5 HEVC, and Beamr 5X HEVC content adaptive encoders; Beamr JPEGmini photo optimization software solutions for reducing joint photographic experts group file sizes; and Beamr Silicon IP block, a hardware solution for integration into dedicated video encoding application-specific integrated circuits, graphics processing units, and application processors.