Servicesource International Inc (NASDAQ:SREV) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,064,700 shares, an increase of 55.5% from the July 31st total of 684,800 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 474,500 shares, the short-interest ratio is currently 2.2 days.

A number of research firms have commented on SREV. ValuEngine downgraded shares of Servicesource International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of Servicesource International from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $1.00.

Shares of SREV traded up $0.01 during midday trading on Friday, hitting $0.94. The stock had a trading volume of 16,971 shares, compared to its average volume of 296,012. Servicesource International has a fifty-two week low of $0.70 and a fifty-two week high of $3.05. The business has a 50-day simple moving average of $0.90 and a two-hundred day simple moving average of $0.96. The firm has a market cap of $94.08 million, a P/E ratio of -23.41 and a beta of 1.51. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.31.

Servicesource International (NASDAQ:SREV) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $52.36 million during the quarter, compared to analyst estimates of $55.25 million. Servicesource International had a negative net margin of 7.11% and a negative return on equity of 5.03%. On average, analysts expect that Servicesource International will post -0.12 earnings per share for the current fiscal year.

In other news, CEO Gary B. Moore acquired 117,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was acquired at an average price of $0.86 per share, with a total value of $100,620.00. Following the completion of the transaction, the chief executive officer now directly owns 818,241 shares in the company, valued at approximately $703,687.26. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Fiduciary Trust Co. bought a new stake in Servicesource International during the 1st quarter worth about $31,000. A.R.T. Advisors LLC boosted its position in Servicesource International by 87.5% during the 2nd quarter. A.R.T. Advisors LLC now owns 35,344 shares of the technology company’s stock worth $34,000 after acquiring an additional 16,489 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Servicesource International by 64,142.2% during the 2nd quarter. Royal Bank of Canada now owns 53,321 shares of the technology company’s stock worth $51,000 after purchasing an additional 53,238 shares in the last quarter. B. Riley Financial Inc. bought a new stake in shares of Servicesource International during the 1st quarter worth approximately $101,000. Finally, Spark Investment Management LLC raised its stake in shares of Servicesource International by 13.4% during the 1st quarter. Spark Investment Management LLC now owns 192,290 shares of the technology company’s stock worth $177,000 after purchasing an additional 22,690 shares in the last quarter. 61.27% of the stock is owned by institutional investors and hedge funds.

About Servicesource International

ServiceSource International, Inc operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management services, such as the sale of maintenance and support service contracts for the products used by its clients' end-users.

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