What’s in SUPPORT.COM Inc (NASDAQ:SPRT) After Rise in Shorted Shares?

Support.com, Inc. (NASDAQ:SPRT) Logo

The stock of SUPPORT.COM Inc (NASDAQ:SPRT) registered an increase of 130.43% in short interest. SPRT’s total short interest was 5,300 shares in April as published by FINRA. Its up 130.43% from 2,300 shares, reported previously. With 13,300 shares average volume, it will take short sellers 0 days to cover their SPRT’s short positions. The short interest to SUPPORT.COM Inc’s float is 0.04%.

The stock increased 0.47% or $0.0101 during the last trading session, reaching $2.1601. About 30,997 shares traded or 40.77% up from the average. Support.com, Inc. (NASDAQ:SPRT) has declined 8.78% since April 11, 2018 and is downtrending. It has underperformed by 13.15% the S&P500.

Support.com, Inc. provides cloud-based software and services primarily in North America. The company has market cap of $40.95 million. The firm offers turnkey, outsourced support services for service providers, retailers, Internet of Things solution providers, and technology companies. It currently has negative earnings. The Company’s technology support services programs 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 for both the consumer and small and medium business markets.

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More notable recent Support.com, Inc. (NASDAQ:SPRT) news were published by: Businesswire.com which released: “Future of Tech Support Survey Reveals Early Consumer Sentiment on Artificial Intelligence in Service and Support – Business Wire” on October 12, 2016, also Prnewswire.com with their article: “VIEX Issues Letter To Fellow Support.com Stockholders – PR Newswire” published on May 17, 2016, Seekingalpha.com published: “Microsoft’s M&A Strategy Pays Off – Seeking Alpha” on March 07, 2016. More interesting news about Support.com, Inc. (NASDAQ:SPRT) were released by: Businesswire.com and their article: “Support.com, Inc. Announces 1-for-3 Reverse Stock Split; Will Begin Trading on Reverse Split Basis on NASDAQ on January 20, 2017 – Business Wire” published on January 13, 2017 as well as Seekingalpha.com‘s news article titled: “Why I Would Not Buy Support.com Stock – Seeking Alpha” with publication date: March 27, 2014.