Short Interest in Spherix Inc (NASDAQ:SPEX) Decreases By 17.1%
Spherix Inc (NASDAQ:SPEX) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 20,400 shares, a decrease of 17.1% from the July 31st total of 24,600 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 57,100 shares, the short-interest ratio is currently 0.4 days.
Spherix stock traded up $0.04 during mid-day trading on Friday, hitting $2.25. The company’s stock had a trading volume of 12,913 shares, compared to its average volume of 29,863. The firm’s 50 day moving average is $2.22 and its 200 day moving average is $1.91. Spherix has a 52-week low of $1.94 and a 52-week high of $6.59.
Spherix (NASDAQ:SPEX) last issued its earnings results on Wednesday, August 14th. The business services provider reported ($0.30) earnings per share for the quarter.
Spherix Incorporated, a technology development company, owns, develops, acquires, and monetizes intellectual property assets. Its intellectual property is primarily consists of trade secrets, patented know-how, issued and pending patents, copyrights, and technological innovation. The company owns approximately 290 patents and patent applications.
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