Support.com, Inc. (NASDAQ:SPRT) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 26,800 shares, a decrease of 19.3% from the July 31st total of 33,200 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 108,500 shares, the short-interest ratio is presently 0.2 days.
SPRT stock remained flat at $$1.66 during trading on Friday. The company had a trading volume of 1,771 shares, compared to its average volume of 84,496. The business’s fifty day simple moving average is $1.61 and its 200 day simple moving average is $1.92. Support.com has a fifty-two week low of $1.48 and a fifty-two week high of $3.03. The firm has a market capitalization of $31.11 million, a price-to-earnings ratio of 8.63 and a beta of 0.12.
Support.com (NASDAQ:SPRT) last announced its quarterly earnings data on Wednesday, August 14th. The technology company reported $0.03 earnings per share for the quarter. Support.com had a positive return on equity of 7.30% and a negative net margin of 9.43%. The business had revenue of $16.70 million during the quarter.
Separately, ValuEngine upgraded Support.com from a “hold” rating to a “buy” rating in a research 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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