Short Interest in Spok Holdings, Inc. (NASDAQ:SPOK) Grows By 238.5%

Spok Holdings, Inc. (NASDAQ:SPOK) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 696,300 shares, an increase of 238.5% from the August 15th total of 205,700 shares. Based on an average daily trading volume, of 414,800 shares, the short-interest ratio is presently 1.7 days. Approximately 4.0% of the company’s shares are sold short.

Shares of SPOK opened at $10.00 on Wednesday. Spok has a one year low of $7.16 and a one year high of $12.86. The stock has a market cap of $194.67 million, a price-to-earnings ratio of -4.10 and a beta of 0.27. The company has a 50-day moving average of $8.72 and a two-hundred day moving average of $10.00.

The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Tuesday, August 17th were issued a $0.125 dividend. The ex-dividend date was Monday, August 16th. This represents a $0.50 annualized dividend and a yield of 5.00%.

Hedge funds have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its stake in shares of Spok by 29.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 24,630 shares of the Wireless communications provider’s stock worth $258,000 after purchasing an additional 5,638 shares during the period. Ensign Peak Advisors Inc raised its position in Spok by 58.1% in the first quarter. Ensign Peak Advisors Inc now owns 4,900 shares of the Wireless communications provider’s stock worth $51,000 after purchasing an additional 1,800 shares in the last quarter. Principal Financial Group Inc. raised its stake in Spok by 1.4% during the first quarter. Principal Financial Group Inc. now owns 122,472 shares of the Wireless communications provider’s stock worth $1,285,000 after acquiring an additional 1,740 shares in the last quarter. Guggenheim Capital LLC bought a new position in Spok during the 1st quarter valued at about $222,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Spok in the 1st quarter worth approximately $119,000. Institutional investors own 69.45% of the company’s stock.

Spok Company Profile

Spok Holdings, Inc engages in the provision of communication solutions. It provides call centre operations, clinical alerting and notifications, one-way and advanced two-way wireless messaging services, mobile communications and public safety solutions. The company was founded in 1965 and is headquartered in Springfield, VA.

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