Spok Holdings, Inc. (NASDAQ:SPOK) Short Interest Update

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

Spok Stock Down 1.7%

NASDAQ SPOK traded down $0.23 during midday trading on Tuesday, hitting $13.42. The company had a trading volume of 104,472 shares, compared to its average volume of 161,275. The firm has a fifty day simple moving average of $13.20 and a two-hundred day simple moving average of $15.36. The stock has a market cap of $276.47 million, a price-to-earnings ratio of 16.83 and a beta of 0.41. Spok has a fifty-two week low of $12.26 and a fifty-two week high of $19.31.

Institutional Trading of Spok

Institutional investors have recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Spok by 339.9% during the second quarter. Signaturefd LLC now owns 1,421 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 1,098 shares in the last quarter. Parallel Advisors LLC grew its position in Spok by 305.4% during the 3rd quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 1,353 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Spok by 41.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,080 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 612 shares during the last quarter. McIlrath & Eck LLC increased its holdings in Spok by 49.3% during the 3rd quarter. McIlrath & Eck LLC now owns 2,166 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 715 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Spok by 40.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,613 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 747 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SPOK shares. Weiss Ratings restated a “hold (c+)” rating on shares of Spok in a report on Monday, December 29th. Wall Street Zen lowered shares of Spok from a “buy” rating to a “hold” rating in a research 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. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $20.00.

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.