Smith Micro Software, Inc. (NASDAQ:SMSI) Short Interest Up 18.8% in February

Smith Micro Software, Inc. (NASDAQ:SMSI) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 306,665 shares, a growth of 18.8% from the January 29th total of 258,089 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 96,357 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily volume of 96,357 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.7% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Smith Micro Software in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Smith Micro Software

Large investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP lifted its position in shares of Smith Micro Software by 109.2% in the 3rd quarter. Susquehanna International Group LLP now owns 42,780 shares of the software maker’s stock worth $31,000 after purchasing an additional 22,335 shares during the period. DRW Securities LLC purchased a new stake in Smith Micro Software in the fourth quarter worth about $40,000. Renaissance Technologies LLC boosted its position in Smith Micro Software by 41.7% during the 4th quarter. Renaissance Technologies LLC now owns 110,745 shares of the software maker’s stock valued at $60,000 after acquiring an additional 32,604 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Smith Micro Software by 16.7% during the 4th quarter. Geode Capital Management LLC now owns 212,813 shares of the software maker’s stock worth $115,000 after acquiring an additional 30,410 shares during the period. Institutional investors own 20.80% of the company’s stock.

Smith Micro Software Stock Up 25.9%

Shares of SMSI opened at $0.68 on Friday. The stock has a market capitalization of $17.14 million, a P/E ratio of -0.45 and a beta of 0.63. Smith Micro Software has a twelve month low of $0.41 and a twelve month high of $1.30. The firm has a fifty day simple moving average of $0.54 and a two-hundred day simple moving average of $0.63.

Smith Micro Software (NASDAQ:SMSI) last posted its earnings results on Wednesday, March 4th. The software maker reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Smith Micro Software had a negative return on equity of 48.98% and a negative net margin of 168.92%.The firm had revenue of $3.97 million for the quarter, compared to analysts’ expectations of $4.30 million. Sell-side analysts expect that Smith Micro Software will post -1.83 EPS for the current fiscal year.

About Smith Micro Software

Smith Micro Software, Inc, headquartered in Aliso Viejo, California, is a global provider of enterprise software solutions specializing in mobility management, device security and digital content distribution. Since its founding in 1982, Smith Micro has focused on delivering tools that enable wireless network operators, enterprises and software publishers to optimize performance, secure assets and manage licensing and distribution of digital media and applications.

Within its mobility and security segment, Smith Micro offers platforms for network offload, application acceleration, secure Wi-Fi connectivity and device management.