RealNetworks, Inc. (NASDAQ:RNWK) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,330,000 shares, an increase of 27.9% from the March 31st total of 1,040,000 shares. Currently, 6.4% of the company’s stock are short sold. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is currently 0.8 days.
RNWK traded down $0.13 on Tuesday, hitting $2.55. The company had a trading volume of 1,745,373 shares, compared to its average volume of 1,596,568. The stock has a market cap of $98.44 million, a price-to-earnings ratio of -5.08 and a beta of 1.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day moving average price is $4.39 and its 200 day moving average price is $2.74. RealNetworks has a 1-year low of $0.71 and a 1-year high of $6.66.
RealNetworks (NASDAQ:RNWK) last posted its quarterly earnings data on Wednesday, February 10th. The technology company reported $0.16 earnings per share for the quarter. RealNetworks had a negative return on equity of 49.92% and a negative net margin of 13.49%. The business had revenue of $17.60 million during the quarter.
A number of institutional investors have recently modified their holdings of RNWK. Dorsey Wright & Associates acquired a new position in shares of RealNetworks during the first quarter valued at about $29,000. Avestar Capital LLC bought a new stake in RealNetworks during the 1st quarter worth about $30,000. Squarepoint Ops LLC acquired a new stake in RealNetworks in the 4th quarter valued at about $43,000. Laird Norton Trust Company LLC bought a new position in shares of RealNetworks in the fourth quarter worth about $106,000. Finally, CM Management LLC bought a new stake in shares of RealNetworks during the fourth quarter valued at approximately $2,106,000. 26.72% of the stock is owned by hedge funds and other institutional investors.
RealNetworks Company Profile
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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