Short Interest in Spok Holdings, Inc. (NASDAQ:SPOK) Expands By 28.3%

Spok Holdings, Inc. (NASDAQ:SPOK) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 366,000 shares, an increase of 28.3% from the October 31st total of 285,300 shares. Based on an average daily trading volume, of 108,900 shares, the short-interest ratio is presently 3.4 days.

Spok Stock Performance

Shares of NASDAQ:SPOK opened at $16.41 on Monday. The business’s 50-day simple moving average is $15.54 and its 200 day simple moving average is $15.25. The company has a market cap of $332.63 million, a P/E ratio of 22.48 and a beta of 0.33. Spok has a one year low of $13.24 and a one year high of $18.14.

Spok Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.313 per share. The ex-dividend date is Monday, November 18th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.63%. Spok’s dividend payout ratio is currently 171.23%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. B. Riley assumed coverage on shares of Spok in a research note on Thursday, September 26th. They set a “neutral” rating and a $15.00 price objective for the company. StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPOK. Vanguard Group Inc. grew its holdings in Spok by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 1,026,201 shares of the Wireless communications provider’s stock valued at $16,368,000 after purchasing an additional 31,888 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in Spok in the 2nd quarter valued at about $196,000. Gladius Capital Management LP acquired a new stake in shares of Spok during the second quarter valued at about $112,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Spok by 11.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 38,621 shares of the Wireless communications provider’s stock worth $572,000 after acquiring an additional 3,883 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Spok by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 232,210 shares of the Wireless communications provider’s stock worth $3,439,000 after acquiring an additional 2,303 shares in the last quarter. 50.81% of the stock is owned by institutional investors and hedge funds.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.