SilverSun Technologies Inc (NASDAQ:SSNT) Short Interest Up 156.3% in March

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SilverSun Technologies Inc (NASDAQ:SSNT) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totalling 4,100 shares, a growth of 156.3% from the February 27th total of 1,600 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is currently 0.5 days.

An institutional investor recently bought a new position in SilverSun Technologies stock. Virtu Financial LLC acquired a new stake in SilverSun Technologies Inc (NASDAQ:SSNT) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,758 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned about 0.24% of SilverSun Technologies at the end of the most recent reporting period. 8.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:SSNT opened at $2.00 on Friday. The company’s 50 day simple moving average is $2.75 and its 200 day simple moving average is $3.36. The stock has a market capitalization of $9.04 million, a price-to-earnings ratio of 1.06 and a beta of 0.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.91. SilverSun Technologies has a 1 year low of $1.62 and a 1 year high of $8.25.

Several research analysts have recently commented on SSNT shares. TheStreet cut shares of SilverSun Technologies from a “c” rating to a “d+” rating in a report on Tuesday, December 3rd. ValuEngine raised shares of SilverSun Technologies from a “hold” rating to a “buy” rating in a report on Monday, February 10th.

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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