SilverSun Technologies Inc (NASDAQ:SSNT) Short Interest Update

SilverSun Technologies Inc (NASDAQ:SSNT) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 100 shares, a decrease of 93.3% from the June 30th total of 1,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 30,200 shares, the short-interest ratio is currently 0.0 days.

In other SilverSun Technologies news, major shareholder Jeffrey D. Roth sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $2.15, for a total value of $64,500.00. Also, major shareholder Jeffrey D. Roth sold 15,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $2.05, for a total transaction of $30,750.00. 45.02% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in SilverSun Technologies stock. Weber Alan W grew its position in SilverSun Technologies Inc (NASDAQ:SSNT) by 99.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,609 shares of the company’s stock after purchasing an additional 94,334 shares during the quarter. Weber Alan W owned about 4.21% of SilverSun Technologies worth $360,000 as of its most recent SEC filing. 10.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of SilverSun Technologies stock opened at $2.73 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a 50 day simple moving average of $2.30 and a 200 day simple moving average of $2.40. SilverSun Technologies has a fifty-two week low of $1.62 and a fifty-two week high of $8.25.

SilverSun Technologies (NASDAQ:SSNT) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.11). SilverSun Technologies had a net margin of 16.31% and a negative return on equity of 35.87%. The firm had revenue of $10.08 million during the quarter.

SilverSun Technologies Company Profile

SilverSun Technologies, Inc operates as a business application, technology, and consulting company. The company resells enterprise resource planning software for the financial accounting requirements, as well as offers training, technical support, and professional services. The company also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers.

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