Spok Holdings Inc (NASDAQ:SPOK) Short Interest Up 132.9% in May

Spok Holdings Inc (NASDAQ:SPOK) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 561,600 shares, a growth of 132.9% from the April 30th total of 241,100 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average trading volume of 116,800 shares, the short-interest ratio is presently 4.8 days.

Separately, BidaskClub raised shares of Spok from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 23rd.

Shares of NASDAQ:SPOK traded up $0.16 during trading on Monday, reaching $14.70. The company had a trading volume of 2,006 shares, compared to its average volume of 107,663. Spok has a 12 month low of $12.21 and a 12 month high of $17.25. The company has a fifty day moving average price of $15.17.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 24th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, May 23rd.

In related news, CEO Vincent D. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $15.38, for a total transaction of $153,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Todd J. Stein sold 65,376 shares of the company’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 transaction of $1,035,555.84. Following the sale, the director now owns 2,973 shares in the company, valued at $47,092.32. The disclosure for this sale can be found here. 7.51% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA grew its holdings in shares of Spok by 54,571.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,827 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 3,820 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Spok during the 4th quarter valued at $74,000. Oregon Public Employees Retirement Fund bought a new position in shares of Spok during the 4th quarter valued at $91,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Spok by 523.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,169 shares of the Wireless communications provider’s stock valued at $95,000 after purchasing an additional 6,019 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in Spok in the 4th quarter worth $137,000. 80.35% of the stock is currently owned by institutional investors.

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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.

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