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


X Scalper

Document Security Systems, Inc. (NYSEAMERICAN:DSS) was the target of a significant growth in short interest in 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. Based on an average daily volume of 418,700 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.2% of the company’s stock are short sold.

Shares of NYSEAMERICAN:DSS opened at $0.39 on Friday. Document Security Systems has a 12-month low of $0.34 and a 12-month 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 for the quarter. The firm had revenue of $4.11 million during the quarter, compared to analyst estimates of $4.80 million.

An institutional investor recently raised its position in Document Security Systems stock. Vanguard Group Inc. raised its stake in Document Security Systems, Inc. (NYSEAMERICAN:DSS) by 19.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,897 shares of the business services provider’s stock after buying 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 quarter.

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

Document Security Systems Company Profile

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.

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