SilverSun Technologies Inc (NASDAQ:SSNT) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 12,700 shares, a decrease of 48.0% from the September 30th total of 24,400 shares. Based on an average daily volume of 138,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the shares of the company are short sold.

An institutional investor recently raised its position in SilverSun Technologies stock. Bard Associates Inc. increased its position in SilverSun Technologies Inc (NASDAQ:SSNT) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,605 shares of the company’s stock after acquiring an additional 8,200 shares during the period. Bard Associates Inc. owned approximately 5.03% of SilverSun Technologies worth $668,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.88% of the company’s stock.

Shares of SSNT stock traded down $0.10 during trading hours on Thursday, reaching $3.31. The stock had a trading volume of 18,600 shares, compared to its average volume of 22,063. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.73 and a quick ratio of 0.73. SilverSun Technologies has a twelve month low of $2.00 and a twelve month high of $8.25. The firm has a 50-day simple moving average of $3.62 and a 200-day simple moving average of $3.03. The firm has a market capitalization of $15.44 million, a PE ratio of 14.91 and a beta of 0.57.

Separately, ValuEngine raised shares of SilverSun Technologies from a “hold” rating to a “buy” rating in a report on Monday.

About SilverSun Technologies

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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