Short Interest in Spok Holdings Inc (NASDAQ:SPOK) Decreases By 17.2%
Spok Holdings Inc (NASDAQ:SPOK) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 507,300 shares, a drop of 17.2% from the June 30th total of 612,900 shares. Based on an average daily volume of 141,100 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.7% of the shares of the company are short sold.
Shares of NASDAQ:SPOK traded down $0.25 during trading on Wednesday, hitting $11.72. The stock had a trading volume of 246,600 shares, compared to its average volume of 113,954. Spok has a 12-month low of $11.43 and a 12-month high of $17.25. The business’s 50-day moving average price is $14.14.
Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $39.53 million during the quarter. Spok had a negative return on equity of 0.08% and a negative net margin of 0.13%.
Separately, BidaskClub cut Spok from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 24th.
In other news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $15.38, for a total value of $153,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.51% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC raised its holdings in shares of Spok by 145.6% in the 2nd quarter. Citadel Advisors LLC now owns 51,116 shares of the Wireless communications provider’s stock valued at $768,000 after buying an additional 30,306 shares during the period. Morgan Stanley raised its holdings in shares of Spok by 406.7% in the 2nd quarter. Morgan Stanley now owns 83,144 shares of the Wireless communications provider’s stock valued at $1,251,000 after buying an additional 66,735 shares during the period. AQR Capital Management LLC increased its holdings in Spok by 50.3% during the 2nd quarter. AQR Capital Management LLC now owns 140,469 shares of the Wireless communications provider’s stock worth $2,113,000 after purchasing an additional 46,987 shares during the period. Invesco Ltd. increased its holdings in Spok by 552.7% during the 2nd quarter. Invesco Ltd. now owns 1,060,847 shares of the Wireless communications provider’s stock worth $15,955,000 after purchasing an additional 898,304 shares during the period. Finally, HighTower Advisors LLC increased its holdings in Spok by 9.4% during the 2nd quarter. HighTower Advisors LLC now owns 71,335 shares of the Wireless communications provider’s stock worth $1,084,000 after purchasing an additional 6,103 shares during the period. Institutional investors own 80.47% of the company’s stock.
Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.
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