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(NASDAQ:SCSC - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 835,400 shares, a growth of 50.0% from the March 31st total of 556,800 shares. Approximately 3.4% of the company's stock are sold short. Based on an average daily volume of 216,600 shares, the days-to-cover ratio is presently 3.9 days. </p><h2>ScanSource Stock Up 0.2 %</h2><p>NASDAQ:SCSC traded up $0.07 during trading hours on Friday, reaching $41.97. 101,408 shares of the stock were exchanged, compared to its average volume of 201,402. ScanSource has a twelve month low of $26.14 and a twelve month high of $45.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.30 and a quick ratio of 1.36. The firm has a 50 day moving average of $42.35 and a 200 day moving average of $38.15. The stock has a market cap of $1.06 billion, a PE ratio of 12.06, a PEG ratio of 1.24 and a beta of 1.51. </p><p>ScanSource (NASDAQ:SCSC - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.14). The firm had revenue of $884.79 million for the quarter, compared to analyst estimates of $943.10 million. ScanSource had a return on equity of 9.18% and a net margin of 2.45%. The company's revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. On average, equities analysts expect that ScanSource will post 3.39 earnings per share for the current year. </p><h2>Institutional Investors Weigh In On ScanSource</h2><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03MjMw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03MjMw"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2064push_candlestick.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="200" height="102" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2064push_candlestick.png"/></p></div><div><p><b>Ad </b> WealthPress</p><p>It’s now possible to know the win rate of every trade… BEFORE you take it! </p><p>Would you like to know the historic win rate of every trade you take before you place it? 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Wasatch Advisors LP now owns 1,055,882 shares of the industrial products company's stock valued at $46,501,000 after buying an additional 426,945 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of ScanSource by 3.8% in the 3rd quarter. Invesco Ltd. now owns 646,495 shares of the industrial products company's stock valued at $19,595,000 after buying an additional 23,807 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in ScanSource by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,886 shares of the industrial products company's stock valued at $24,871,000 after acquiring an additional 7,125 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock. </p><h2>ScanSource Company Profile</h2><p> (Get Free Report)</p><p>ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications &amp; Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than ScanSource</li><li>What is a buyback in stocks? 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SCSC

<p>ScanSource, Inc. (NASDAQ:SCSC) experienced a significant increase in short interest in April, with short interest totaling 835,400 shares, up 50% from the previous month. Approximately 3.4% of the company's shares are sold short, with a days-to-cover ratio of 3.9 days. The company's stock has a 50-day moving average of $42.35 and a 200-day moving average of $38.15. ScanSource last reported earnings on February 6th, with an EPS of $0.85. Institutional investors have made changes to their positions in the stock.</p>

ScanSource, Inc. (NASDAQ:SCSC) Sees Large Growth in Short Interest