Important Short Interest Filing: Does Straight Path Communications Class (NYSEMKT:STRP) Have Gas After Even More Sellers Involved?

November 16, 2016 - By Richard Conner   ·   0 Comments

Important Short Interest Filing: Does Straight Path Communications Class (NYSEMKT:STRP) Have Gas After Even More Sellers Involved?

The stock of Straight Path Communications Class (NYSEMKT:STRP) registered an increase of 1.25% in short interest. STRP’s total short interest was 2.76M shares in November as published by FINRA. Its up 1.25% from 2.72M shares, reported previously. With 83,200 shares average volume, it will take short sellers 33 days to cover their STRP’s short positions. The short interest to Straight Path Communications Class’s float is 38.87%. The stock last traded at $26.82 per share. It is up 10.57% since April 14, 2016 and is downtrending. It has underperformed by 15.26% the S&P500.

Straight Path Communications Inc. is a communications asset company. The company has a market cap of $337.20 million. The Firm owns Straight Path Spectrum, Inc. , Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc. (Straight Path IP Group). It currently has negative earnings. The Company’s divisions include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group.

Insitutional Activity: The institutional sentiment increased to 1.7 in Q2 2016. Its up 0.53, from 1.17 in 2016Q1. The ratio is positive, as 6 funds sold all Straight Path Communications Inc shares owned while 17 reduced positions. 13 funds bought stakes while 26 increased positions. They now own 3.51 million shares or 9.27% more from 3.21 million shares in 2016Q1.
Blackrock Institutional Tru Na last reported 0% of its portfolio in the stock. Moreover, Hightower Advsrs Limited Liability Company has 0.02% invested in Straight Path Communications Inc (NYSEMKT:STRP) for 53,696 shares. Kahn Brothers Grp De holds 0% or 228,438 shares in its portfolio. Geode Ltd Liability reported 71,365 shares or 0% of all its holdings. Atika Capital Mngmt Ltd accumulated 36,000 shares or 0.43% of the stock. Hap Trading Ltd Liability, a New York-based fund reported 14,000 shares. California Public Employees Retirement holds 8,700 shares or 0% of its portfolio. Ingalls And Snyder Ltd Llc has invested 0.05% of its portfolio in Straight Path Communications Inc (NYSEMKT:STRP). State Street Corp accumulated 0% or 142,252 shares. First Manhattan, a New York-based fund reported 33 shares. Moreover, Dimensional Fund Ltd Partnership has 0% invested in Straight Path Communications Inc (NYSEMKT:STRP) for 196,036 shares. Morgan Stanley holds 8,740 shares or 0% of its portfolio. Reilly Fin Limited last reported 500 shares in the company. Blackrock Fund Advisors, a California-based fund reported 322,663 shares. Aqr Capital Management Ltd Liability reported 7,355 shares or 0% of all its holdings.

Insider Transactions: Since October 14, 2016, the stock had 0 insider purchases, and 2 sales for $87,474 net activity. Another trade for 857 shares valued at $25,676 was made by BREAU DAVID L on Wednesday, October 19. $61,798 worth of Straight Path Communications Inc (NYSEMKT:STRP) was sold by WELD WILLIAM F.

STRP Company Profile

Straight Path Communications Inc., incorporated on April 4, 2013, is a communications asset company. The Firm 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 divisions include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group. Straight Path Spectrum’s subsidiary, Straight Path Spectrum, LLC, holds, leases and markets a range of licensed commercial fixed and mobile wireless spectrum licenses.

More notable recent Straight Path Communications Inc (NYSEMKT:STRP) news were published by: Marketwatch.com which released: “Straight Path Communications Inc. Cl B” on August 14, 2011, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on August 03, 2013, Businesswire.com published: “Straight Path Communications Issues a Statement in Response to Report Issued” on October 29, 2015. More interesting news about Straight Path Communications Inc (NYSEMKT:STRP) were released by: Businesswire.com and their article: “Straight Path Communications Issues Statement to Investors” published on November 09, 2015 as well as Businesswire.com‘s news article titled: “Straight Path Communications Welcomes FCC Adoption of “Spectrum Frontiers …” with publication date: July 15, 2016.

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By Richard Conner


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