Short Interest in Straight Path Communications Inc (STRP) Increases By 4.3%
Straight Path Communications Inc (NYSEAMERICAN:STRP) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 1,146,191 shares, a growth of 4.3% from the November 15th total of 1,098,938 shares. Based on an average daily volume of 62,330 shares, the days-to-cover ratio is currently 18.4 days. Approximately 16.9% of the shares of the company are sold short.
In other Straight Path Communications news, insider Zhouyue Pi sold 16,978 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $181.43, for a total transaction of $3,080,318.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jonathan Rand sold 300 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $181.58, for a total value of $54,474.00. The disclosure for this sale can be found here. Insiders sold a total of 43,785 shares of company stock worth $7,944,598 over the last quarter.
A number of hedge funds have recently bought and sold shares of STRP. California State Teachers Retirement System boosted its holdings in Straight Path Communications by 3.1% in the third quarter. California State Teachers Retirement System now owns 15,686 shares of the technology company’s stock valued at $2,834,000 after purchasing an additional 469 shares during the last quarter. Alpine Associates Management Inc. boosted its holdings in Straight Path Communications by 133.7% in the third quarter. Alpine Associates Management Inc. now owns 261,700 shares of the technology company’s stock valued at $47,282,000 after purchasing an additional 149,716 shares during the last quarter. Cowen Inc. boosted its holdings in Straight Path Communications by 319.9% in the third quarter. Cowen Inc. now owns 183,437 shares of the technology company’s stock valued at $33,142,000 after purchasing an additional 139,755 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Straight Path Communications in the third quarter valued at about $235,000.
Straight Path Communications (NYSEAMERICAN:STRP) traded up $1.60 during trading on Monday, reaching $182.75. The company had a trading volume of 68,623 shares, compared to its average volume of 215,319. Straight Path Communications has a 52-week low of $25.02 and a 52-week high of $235.88.
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Straight Path Communications Company Profile
Straight Path Communications Inc is a communications asset company. The Company owns Straight Path Spectrum, Inc (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.
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