Spok Holdings Inc (NASDAQ:SPOK) saw a large 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. Currently, 2.7% of the company’s shares are sold short. Based on an average daily volume of 141,100 shares, the days-to-cover ratio is currently 3.6 days.
Separately, BidaskClub downgraded shares of Spok from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 24th.
In related news, CEO Vincent D. Kelly sold 10,000 shares of Spok stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $15.38, for a total transaction of $153,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Todd J. Stein sold 65,376 shares of Spok stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $15.84, for a total transaction of $1,035,555.84. Following the sale, the director now directly owns 2,973 shares in the company, valued at approximately $47,092.32. The disclosure for this sale can be found here. 7.51% of the stock is owned by company insiders.
Spok stock traded down $0.03 during midday trading on Tuesday, reaching $11.64. 227,400 shares of the stock traded hands, compared to its average volume of 149,643. The stock has a fifty day moving average price of $14.25. Spok has a fifty-two week low of $11.47 and a fifty-two week high of $17.25.
Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported ($0.03) EPS for the quarter. Spok had a negative return on equity of 0.08% and a negative net margin of 0.13%. The business had revenue of $39.53 million during the quarter.
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 $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.30%. 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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