November 16, 2016 - By Vivian Park · 0 Comments
The stock of Supportcom Incorporated (NASDAQ:SPRT) registered an increase of 264.43% in short interest. SPRT’s total short interest was 141,400 shares in November as published by FINRA. Its up 264.43% from 38,800 shares, reported previously. With 70,600 shares average volume, it will take short sellers 2 days to cover their SPRT’s short positions. The short interest to Supportcom Incorporated’s float is 0.33%. The stock last traded at $0.75 per share. It is down 16.67% since April 14, 2016 and is downtrending. It has underperformed by 21.35% the S&P500.
Support.com, Inc. is a provider of cloud software and services for technology support. The company has a market cap of $41.65 million. The Firm offers outsourced support services for service providers, retailers, Internet of Things solution providers and technology companies. It currently has negative earnings. It offers technology support services programs for both the consumer and small business markets, and includes computer and mobile device set-up, security and support, virus and malware removal, wireless network set-up, and home security and automation system support.
Insitutional Activity: The institutional sentiment decreased to 0.5 in Q2 2016. Its down 0.15, from 0.65 in 2016Q1. The ratio fall, as 7 funds sold all Support.com, Inc. shares owned while 11 reduced positions. 3 funds bought stakes while 6 increased positions. They now own 15.67 million shares or 19.14% less from 19.38 million shares in 2016Q1.
Kennedy last reported 0.05% of its portfolio in the stock. Dimensional Fund Advisors L P has 150,233 shares for 0% of their US portfolio. Blackrock Fund Advisors holds 11,335 shares or 0% of its portfolio. Crestwood Limited holds 0% or 15,000 shares in its portfolio. Citigroup Inc owns 22,734 shares or 0% of their US portfolio. Goldman Sachs Group Inc last reported 38,481 shares in the company. Cornerstone Cap, a California-based fund reported 443,500 shares. Renaissance Technologies Lc reported 2.05M shares or 0% of all its holdings. Susquehanna Gru Ltd Liability Partnership last reported 0% of its portfolio in the stock. State Street Corporation accumulated 0% or 30,319 shares. Blackrock Gp Limited has 0% invested in the company for 86,093 shares. Schwab Charles Management last reported 0% of its portfolio in the stock. Bridgeway Mgmt Inc accumulated 734,445 shares or 0.01% of the stock. Bogle Mngmt Lp De, a Massachusetts-based fund reported 26,900 shares. Guggenheim Cap reported 18,500 shares or 0% of all its holdings.
Support.com, Inc. (Support.com), incorporated on December 3, 1997, is a well-known provider of cloud software and services for technology support. The Firm offers outsourced support services for service providers, retailers, Internet of Things (IoT) solution providers and technology companies. The Company’s technology support services programs are designed for both the consumer and small business markets, and include computer and mobile device set-up, security and support, virus and malware removal, wireless network set-up, and home security and automation system support. The Company’s cloud offering, Nexus, is a software-as-a-service (SaaS) solution for companies to support interactions with their customers. It also offers end user software products, including tools and applications designed for technology issues, including computer and mobile device maintenance, optimization and security.
More recent Support.com, Inc. (NASDAQ:SPRT) news were published by: Reuters.com which released: “BRIEF-Support.com Inc names Richard Bloom interim president, CEO” on October 31, 2016. Also Fool.com published the news titled: “Why Support.com, Inc. Shares Plunged” on January 08, 2014. Streetinsider.com‘s news article titled: “Support.com, Inc. (SPRT) Adopts ‘Poison Pill’ Provision” with publication date: October 14, 2015 was also an interesting one.
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By Vivian Park