Support.com, Inc. (NASDAQ:SPRT) Short Interest Up 43.3% in June

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. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 102,100 shares, the short-interest ratio is currently 0.7 days.

Shares of SPRT stock traded down $0.05 during trading on Friday, hitting $1.54. The company had a trading volume of 300 shares, compared to its average volume of 79,025. The stock’s 50-day simple moving average is $1.74. Support.com has a one year low of $1.48 and a one year high of $3.03. The company has a market cap of $29.44 million, a price-to-earnings ratio of 8.05 and a beta of 0.20.

Separately, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

Several large investors have recently made changes to their positions in SPRT. Kennedy Capital Management Inc. grew 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 worth $1,999,000 after acquiring an additional 9,411 shares during the period. Aspiriant LLC purchased a new stake in shares of Support.com during the 1st quarter worth approximately $47,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Support.com during the 4th quarter worth approximately $39,000. Institutional investors own 41.43% of the company’s stock.

About Support.com

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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