November 16, 2016 - By Marie Mckinney · 0 Comments
The stock of Spherix (NASDAQ:SPEX) registered an increase of 3.16% in short interest. SPEX’s total short interest was 303,200 shares in November as published by FINRA. Its up 3.16% from 293,900 shares, reported previously. With 33,800 shares average volume, it will take short sellers 9 days to cover their SPEX’s short positions. The short interest to Spherix’s float is 6.49%. About 32,951 shares traded hands. Spherix Inc (NASDAQ:SPEX) has declined 55.10% since April 14, 2016 and is downtrending. It has underperformed by 59.79% the S&P500.
Spherix Incorporated is an intellectual property firm that owns patented and unpatented intellectual property. The company has a market cap of $5.60 million. The Firm is a patent commercialization firm focused on generating revenues from the monetization of intellectual property. It has a 0.11 P/E ratio. The Firm acquires intellectual property from patent holders in order to maximize the value of the patent holdings by conducting and managing a licensing campaign.
Spherix Incorporated (Spherix), incorporated on May 1, 1992, is an intellectual property firm that owns patented and unpatented intellectual property. The Firm is a patent commercialization firm focused on generating revenues from the monetization of intellectual property. The Firm owns over 290 patents and patent applications. The Firm acquires intellectual property from patent holders in order to maximize the value of the patent holdings by conducting and managing a licensing campaign, or through the settlement and litigation of patents. Some patent holders tend to have limited internal resources and/or expertise to address the unauthorized use of their patented technologies or they simply make the strategic business decision to outsource their intellectual property licensing. They can include individual inventors, large firms, universities, research laboratories and hospitals. Typically, the Company, or an operating subsidiary, acquires a patent portfolio in exchange for securities of the Company, an upfront cash payment, a percentage of its operating subsidiary’s net recoveries from the licensing and enforcement of the portfolio, or a combination of the foregoing.
More notable recent Spherix Inc (NASDAQ:SPEX) news were published by: Prnewswire.com which released: “Spherix Provides Update on Patent Infringement Litigation” on October 17, 2016, also Quotes.Wsj.com with their article: “Spherix Inc. SPEX (US: Nasdaq)” published on February 12, 2011, Prnewswire.com published: “Spherix Monetization Program Continues to Expand” on August 18, 2016. More interesting news about Spherix Inc (NASDAQ:SPEX) were released by: Seekingalpha.com and their article: “How Spherix Inc. Could Be Valued At $14-$61 Per Share” published on July 31, 2013 as well as Streetinsider.com‘s news article titled: “Spherix Inc (SPEX) Subsidiary Begins Patent Litigation Against Huawei” with publication date: June 10, 2014.
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By Marie Mckinney