It is currently trading at $4.50 which is quite a bit higher than $3.93, the stock’s 50 day moving average and which is well above the 200 day moving average of $4.09. The 50 day moving average was up $0.57 and the 200 day average went up $0.41 or +10.0541%. Trading volume for SharpSpring, Inc. was 46K on Tuesday. Overall, volume was down 20.77% under the stocks normal daily volume.
Traders are a little more bearish recently if you pay attention to the motion in short interest. The stock saw a rise in short interest of 12.46% as of October 13, 2017 from the last reporting period. Short interest grew from 42,691 to 48,010 over that period. Days to cover decreased -3.0 to 1.0 and the percentage of shorted shares was 0.01% on October 13.
These firms have modified their investment in SHSP. Vanguard Group Inc trimmed its holdings by selling 60,980 shares a decrease of 96.8% from 03/31/2017 to 06/30/2017. Vanguard Group Inc now holds 2,000 shares with a value of $9,000. The value of the position overall is down by 96.9%. Morgan Stanley divested its ownership by shedding 15,072 shares a decrease of 99.6% as of 06/30/2017. Morgan Stanley now controls 61 shares valued at $0. The total value of its holdings decreased 100.0%.
Deutsche Bank Ag cut its investment by shedding 10,992 shares a decrease of 87.9% in the quarter. Deutsche Bank Ag owns 1,508 shares worth $6,000. The total value of its holdings decreased 89.5%. As of the end of the quarter Blackrock Inc. had sold 1,382 shares trimming its stake by 60.7%. The value of the investment in (SHSP) decreased from $10,000 to $4,000 a change of $6,000 since the last quarter.
In the latest earnings report the EPS was $-0.74 and is projected to be $-0.50 for the current year with 8,385,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $-0.10 with next year’s EPS anticipated to be $-0.32.
SharpSpring, Inc., formerly SMTP, Inc., launched on November 22, 2010, is a cloud-based marketing technology company. The Business’s SharpSpring marketing automation platform uses features, such as Web tracking, lead scoring and automated workflow to enable businesses deliver messages to the customers. All of its products are designed and built as software as a service (SaaS) offerings. The Company operates globally with offices on over three continents through its subsidiaries that consist of SharpSpring Technologies, Inc.; InterInbox SA; ERNEPH 2012A (Pty) Ltd. doing business as ISMS; ERNEPH 2012B (Pty) Ltd. doing business as GraphicMail South Africa; Quattro Hosting LLC; SMTP Holdings S.a.r.l., and InterCloud Ltd..