RealNetworks, Inc. (NASDAQ:RNWK) Short Interest Up 46.9% in April

RealNetworks, Inc. (NASDAQ:RNWK – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 151,500 shares, an increase of 46.9% from the March 31st total of 103,100 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 250,100 shares, the days-to-cover ratio is currently 0.6 days.

Separately, StockNews.com began coverage on RealNetworks in a research note on Wednesday. They issued a “hold” rating for the company.

Several large investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in RealNetworks during the third quarter valued at about $30,000. Renaissance Technologies LLC boosted its stake in RealNetworks by 17.5% during the third quarter. Renaissance Technologies LLC now owns 1,548,872 shares of the technology company’s stock valued at $2,463,000 after buying an additional 230,130 shares in the last quarter. GSA Capital Partners LLP boosted its stake in RealNetworks by 332.0% during the third quarter. GSA Capital Partners LLP now owns 151,013 shares of the technology company’s stock valued at $240,000 after buying an additional 116,055 shares in the last quarter. MYDA Advisors LLC bought a new position in RealNetworks during the third quarter valued at about $64,000. Finally, Norges Bank bought a new position in RealNetworks during the fourth quarter valued at about $187,000. 23.74% of the stock is owned by institutional investors.

Shares of NASDAQ:RNWK traded down $0.01 on Friday, hitting $0.51. The company’s stock had a trading volume of 81,286 shares, compared to its average volume of 331,594. RealNetworks has a 12 month low of $0.48 and a 12 month high of $2.80. The company has a market capitalization of $23.87 million, a price-to-earnings ratio of -0.99 and a beta of 1.53. The stock’s 50-day moving average is $0.58 and its two-hundred day moving average is $0.91.

RealNetworks (NASDAQ:RNWK – Get Rating) last released its quarterly earnings results on Wednesday, February 9th. The technology company reported ($0.04) earnings per share (EPS) for the quarter. RealNetworks had a negative return on equity of 29.66% and a negative net margin of 37.78%. The business had revenue of $13.40 million during the quarter.

RealNetworks Company Profile (Get Rating)

RealNetworks, Inc provides digital media software and services in the United States, Europe, and internationally. Its Consumer Media segment offers RealPlayer media player, a software that enables consumers to discover, play, download, manage, and edit digital video, stream audio and video, download and save photos and videos from the web, transfer and share content on social networks, and edit their own photo and video content.

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