Support.com, Inc. (NASDAQ:SPRT) Short Interest Update
Support.com, Inc. (NASDAQ:SPRT) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 73,500 shares, a growth of 43.3% from the May 30th total of 51,300 shares. Based on an average daily volume of 102,100 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.
Institutional investors and hedge funds have recently bought and sold shares of the company. Aspiriant LLC purchased a new position in shares of Support.com in the 1st quarter worth about $47,000. Two Sigma Securities LLC purchased a new stake in Support.com during the 4th quarter valued at about $39,000. Finally, Kennedy Capital Management Inc. boosted its holdings in Support.com by 1.1% during the 1st quarter. Kennedy Capital Management Inc. now owns 884,325 shares of the technology company’s stock valued at $1,999,000 after acquiring an additional 9,411 shares during the period. Hedge funds and other institutional investors own 41.43% of the company’s stock.
Separately, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
Support.com, Inc provides customer support services, end user software, and cloud-based software primarily in the United States. The company offers turnkey and outsourced support services for service providers, retailers, original equipment manufacturers (OEMs), warranty providers, Internet of Things solution providers, and technology companies.
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