Short Interest in Document Security Systems, Inc. (NYSEAMERICAN:DSS) Expands By 14.4%

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Document Security Systems, Inc. (NYSEAMERICAN:DSS) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 272,600 shares, a growth of 14.4% from the July 31st total of 238,200 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 418,700 shares, the days-to-cover ratio is currently 0.7 days.

DSS opened at $0.41 on Friday. Document Security Systems has a 52 week low of $0.34 and a 52 week high of $1.99.

Document Security Systems (NYSEAMERICAN:DSS) last announced its earnings results on Tuesday, August 13th. The business services provider reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $4.11 million during the quarter, compared to analyst estimates of $4.80 million.

A hedge fund recently raised its stake in Document Security Systems stock. Vanguard Group Inc. raised its stake in shares of Document Security Systems, Inc. (NYSEAMERICAN:DSS) by 19.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,897 shares of the business services provider’s stock after acquiring an additional 26,740 shares during the quarter. Vanguard Group Inc. owned approximately 0.91% of Document Security Systems worth $82,000 at the end of the most recent reporting period.

Separately, TheStreet downgraded Document Security Systems from a “c-” rating to a “d” rating in a report on Wednesday, August 21st.

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.

Read More: Understanding the Price to Earnings Ratio (PE)

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