Short Interest in Document Security Systems, Inc. (NYSEAMERICAN:DSS) Decreases By 21.2%

Document Security Systems, Inc. (NYSEAMERICAN:DSS) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 96,500 shares, a decline of 21.2% from the September 30th total of 122,500 shares. Based on an average daily volume of 146,100 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the company’s stock are sold short.

A number of equities analysts have weighed in on DSS shares. TheStreet lowered Document Security Systems from a “c-” rating to a “d” rating in a research report on Wednesday, August 21st. Aegis started coverage on Document Security Systems in a research report on Thursday, October 10th. They issued a “buy” rating for the company.

Shares of NYSEAMERICAN:DSS opened at $0.31 on Thursday. Document Security Systems has a fifty-two week low of $0.25 and a fifty-two week high of $1.99.

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

In other news, Director Heng Fai Ambrose Chan purchased 6,000,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $0.30 per share, for a total transaction of $1,800,000.00. Following the purchase, the director now directly owns 2,077,682 shares in the company, valued at approximately $623,304.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A hedge fund recently raised its stake in Document Security Systems stock. Vanguard Group Inc. boosted its holdings in Document Security Systems, Inc. (NYSEAMERICAN:DSS) by 19.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 0.91% of Document Security Systems worth $82,000 at the end of the most recent quarter.

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.

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