Short Interest in Spok Holdings, Inc. (NASDAQ:SPOK) Grows By 22.6%

Spok Holdings, Inc. (NASDAQ:SPOK) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 328,368 shares, an increase of 22.6% from the December 31st total of 267,833 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 159,449 shares, the short-interest ratio is presently 2.1 days. Based on an average trading volume of 159,449 shares, the short-interest ratio is presently 2.1 days. Approximately 1.7% of the shares of the company are short sold.

Analyst Ratings Changes

Several analysts have weighed in on SPOK shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Spok in a research note on Monday, December 29th. Wall Street Zen lowered shares of Spok from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $20.00.

Institutional Trading of Spok

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new stake in shares of Spok in the 1st quarter worth approximately $271,000. Goldman Sachs Group Inc. raised its holdings in Spok by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 521,571 shares of the Wireless communications provider’s stock worth $8,575,000 after purchasing an additional 130,478 shares in the last quarter. Jane Street Group LLC acquired a new stake in Spok in the first quarter worth approximately $467,000. Signaturefd LLC boosted its stake in Spok by 339.9% during the 2nd quarter. Signaturefd LLC now owns 1,421 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 1,098 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Spok by 6.0% during the 2nd quarter. Inspire Investing LLC now owns 51,504 shares of the Wireless communications provider’s stock valued at $911,000 after purchasing an additional 2,904 shares in the last quarter. 50.81% of the stock is currently owned by institutional investors.

Spok Price Performance

SPOK opened at $13.48 on Wednesday. The stock’s 50 day moving average price is $13.21 and its 200 day moving average price is $15.34. The stock has a market cap of $277.69 million, a P/E ratio of 16.85 and a beta of 0.41. Spok has a 12 month low of $12.26 and a 12 month high of $19.31.

About Spok

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.