Straight Path Communications Inc (NYSEAMERICAN:STRP) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 982,746 shares, a decline of 18.9% from the January 12th total of 1,211,300 shares. Based on an average daily trading volume, of 429,280 shares, the short-interest ratio is presently 2.3 days. Approximately 14.1% of the shares of the stock are sold short.
Separately, BidaskClub lowered Straight Path Communications from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 25th.
Shares of Straight Path Communications (NYSEAMERICAN:STRP) traded down $0.08 during trading on Friday, hitting $182.67. The stock had a trading volume of 181,999 shares, compared to its average volume of 241,239. The firm has a market capitalization of $2,330.00, a price-to-earnings ratio of -40.96 and a beta of -1.92. Straight Path Communications has a 12 month low of $26.89 and a 12 month high of $235.88.
Several institutional investors have recently made changes to their positions in STRP. California State Teachers Retirement System raised its position in shares of Straight Path Communications by 3.1% during the third quarter. California State Teachers Retirement System now owns 15,686 shares of the technology company’s stock worth $2,834,000 after purchasing an additional 469 shares during the period. Alpine Associates Management Inc. raised its position in shares of Straight Path Communications by 133.7% during the third quarter. Alpine Associates Management Inc. now owns 261,700 shares of the technology company’s stock worth $47,282,000 after purchasing an additional 149,716 shares during the period. Cowen Inc. raised its position in shares of Straight Path Communications by 319.9% during the third quarter. Cowen Inc. now owns 183,437 shares of the technology company’s stock worth $33,142,000 after purchasing an additional 139,755 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Straight Path Communications during the third quarter valued at $235,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Straight Path Communications by 4.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 39,015 shares of the technology company’s stock valued at $7,093,000 after buying an additional 1,548 shares in the last quarter.
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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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