Spok Holdings Inc (NASDAQ:SPOK) Sees Large Increase in Short Interest

Share on StockTwits

Spok Holdings Inc (NASDAQ:SPOK) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 689,000 shares, a growth of 18.9% from the May 30th total of 579,600 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 115,700 shares, the days-to-cover ratio is presently 6.0 days.

Shares of NASDAQ:SPOK opened at $15.40 on Monday. Spok has a 1 year low of $12.21 and a 1 year high of $17.25. The company’s 50 day simple moving average is $15.14.

Spok (NASDAQ:SPOK) last announced its quarterly earnings results on Wednesday, April 24th. The Wireless communications provider reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $41.76 million during the quarter. Spok had a negative return on equity of 0.19% and a negative net margin of 0.31%.

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 24th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.25%.

Separately, BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research report on Friday.

In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $15.38, for a total transaction of $153,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd J. Stein sold 65,376 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $15.84, for a total value of $1,035,555.84. Following the transaction, the director now owns 2,973 shares of the company’s stock, valued at approximately $47,092.32. The disclosure for this sale can be found here. Insiders own 7.51% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. 6 Meridian increased its holdings in Spok by 2.0% in the 2nd quarter. 6 Meridian now owns 35,039 shares of the Wireless communications provider’s stock valued at $527,000 after purchasing an additional 696 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in Spok by 1.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 738,107 shares of the Wireless communications provider’s stock valued at $10,053,000 after buying an additional 8,272 shares during the period. Martingale Asset Management L P boosted its position in Spok by 129.8% in the 1st quarter. Martingale Asset Management L P now owns 116,510 shares of the Wireless communications provider’s stock valued at $1,587,000 after buying an additional 65,800 shares during the period. Menta Capital LLC boosted its position in Spok by 36.3% in the 1st quarter. Menta Capital LLC now owns 17,661 shares of the Wireless communications provider’s stock valued at $241,000 after buying an additional 4,700 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Spok by 54,571.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,827 shares of the Wireless communications provider’s stock valued at $52,000 after buying an additional 3,820 shares during the period. Hedge funds and other institutional investors own 80.35% of the company’s stock.

Spok Company Profile

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.

See Also: What is the Federal Reserve?

Receive News & Ratings for Spok Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spok and related companies with MarketBeat.com's FREE daily email newsletter.