ServiceSource International, Inc. (NASDAQ:SREV – Get Rating) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 443,000 shares, an increase of 24.7% from the March 31st total of 355,300 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 96,300 shares, the days-to-cover ratio is presently 4.6 days.
Several brokerages have recently issued reports on SREV. TheStreet raised ServiceSource International from a “d+” rating to a “c-” rating in a report on Wednesday, March 2nd. StockNews.com began coverage on ServiceSource International in a report on Wednesday, April 27th. They issued a “hold” rating for the company.
In other news, major shareholder Edenbrook Capital, Llc purchased 37,587 shares of the company’s stock in a transaction on Monday, April 25th. The shares were acquired at an average price of $1.11 per share, for a total transaction of $41,721.57. Following the purchase, the insider now owns 20,978,987 shares in the company, valued at $23,286,675.57. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have acquired 410,278 shares of company stock worth $515,135. Company insiders own 4.40% of the company’s stock.
Shares of SREV stock opened at $1.09 on Tuesday. The company has a 50-day moving average of $1.23. ServiceSource International has a 52-week low of $0.93 and a 52-week high of $1.63.
ServiceSource International (NASDAQ:SREV – Get Rating) last released its quarterly earnings results on Wednesday, February 23rd. The technology company reported $0.04 earnings per share for the quarter. The company had revenue of $55.80 million during the quarter. ServiceSource International had a negative return on equity of 5.18% and a negative net margin of 7.52%.
ServiceSource International Company Profile (Get Rating)
ServiceSource International, Inc provides business process-as-a-service solutions worldwide. The company provides digital solutions, including demand qualification, demand conversion, and account management; customer success solutions, such as onboarding, adoption, and renewals management; CJX solutions; and channel management solutions comprise partner recruitment, partner onboarding and enablement, and partner success management.
- Get a free copy of the StockNews.com research report on ServiceSource International (SREV)
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