Short Interest in Spok Holdings, Inc. (NASDAQ:SPOK) Declines By 30.8%

Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 253,100 shares, a decline of 30.8% from the November 15th total of 366,000 shares. Based on an average daily volume of 106,900 shares, the short-interest ratio is currently 2.4 days.

Analyst Ratings Changes

Several equities research analysts have commented on SPOK shares. StockNews.com upgraded shares of Spok from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. B. Riley initiated coverage on Spok in a research note on Thursday, September 26th. They set a "neutral" rating and a $15.00 price target for the company.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in Spok in the 3rd quarter valued at about $26,000. nVerses Capital LLC acquired a new position in Spok in the 3rd quarter valued at about $27,000. BNP Paribas Financial Markets raised its stake in Spok by 18.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider's stock valued at $58,000 after purchasing an additional 609 shares during the last quarter. Gladius Capital Management LP acquired a new position in Spok in the 2nd quarter valued at about $112,000. Finally, SG Americas Securities LLC acquired a new position in Spok in the 3rd quarter valued at about $116,000. Institutional investors and hedge funds own 50.81% of the company's stock.

Spok Trading Down 0.4 %

Shares of NASDAQ:SPOK traded down $0.07 during midday trading on Friday, hitting $16.70. 53,267 shares of the stock were exchanged, compared to its average volume of 128,521. The stock has a market cap of $338.51 million, a P/E ratio of 22.88 and a beta of 0.33. Spok has a twelve month low of $13.24 and a twelve month high of $18.14. The company has a 50 day moving average price of $15.87 and a 200-day moving average price of $15.32.

Spok Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were paid a $0.313 dividend. This represents a $1.25 annualized dividend and a yield of 7.50%. The ex-dividend date was Monday, November 18th. Spok's payout ratio is 171.23%.

About Spok

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.