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

Beamr Imaging Ltd. (NASDAQ:BMR) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 440,600 shares, a drop of 8.2% from the October 31st total of 480,100 shares. Approximately 4.1% of the company’s shares are short sold. Based on an average trading volume of 157,700 shares, the days-to-cover ratio is currently 2.8 days.

Beamr Imaging Stock Performance

BMR stock traded up $0.09 during midday trading on Wednesday, reaching $3.15. The company’s stock had a trading volume of 82,359 shares, compared to its average volume of 2,059,553. Beamr Imaging has a 52 week low of $1.11 and a 52 week high of $34.94. The stock’s 50-day moving average price is $3.21.

About Beamr Imaging

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.