Short Interest in Spok Holdings Inc (NASDAQ:SPOK) Decreases By 17.2%
Spok Holdings Inc (NASDAQ:SPOK) saw a large drop in short interest in 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 trading volume of 141,100 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.7% of the shares of the company are short sold.
Separately, BidaskClub cut Spok from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 24th.
In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.51% of the stock is currently owned by company insiders.
Shares of SPOK stock traded down $0.25 during trading hours on Wednesday, reaching $11.72. 246,600 shares of the company’s stock were exchanged, compared to its average volume of 113,954. The business’s 50 day simple moving average is $14.14. Spok has a 1 year low of $11.43 and a 1 year high of $17.25.
Spok (NASDAQ:SPOK) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $39.53 million for the quarter. Spok had a negative return on equity of 0.08% and a negative net margin of 0.13%.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Thursday, August 15th.
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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