Short Interest to Follow: XG Tech Incorporated (NASDAQ:XGTI) Shorted Shares Increased By 56.14%

November 22, 2016 - By Adrian Mccoy   ·   0 Comments

Short Interest to Follow: XG Tech Incorporated (NASDAQ:XGTI) Shorted Shares Increased By 56.14%

The stock of XG Tech Incorporated (NASDAQ:XGTI) registered an increase of 56.14% in short interest. XGTI’s total short interest was 1.39M shares in November as published by FINRA. Its up 56.14% from 890,200 shares, reported previously. With 1.47 million shares average volume, it will take short sellers 1 days to cover their XGTI’s short positions. The short interest to XG Tech Incorporated’s float is 18.86%. The stock decreased 3.48% or $0.011 on November 21, hitting $0.305. xG Technology Inc (NASDAQ:XGTI) has declined 71.30% since April 20, 2016 and is downtrending. It has underperformed by 75.85% the S&P500.

xG Technology, Inc. develops a portfolio of intellectual property, which is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions for a range of applications using commercial off the shelf devices. The company has a market cap of $6.60 million. The Company’s products include xMax, CN5100 Mobile Hotspot, CN3100 Vehicle Modem, CN3200 Dual-Band Routing Modem, CN1100 Access Point, CN7000 Mobile Control Center and xMonitor/xDrive. It currently has negative earnings. The Firm offers a range of frequency-agnostic cognitive radio solutions.

XGTI Company Profile

xG Technology, Inc., incorporated on August 26, 2002, develops a portfolio of intellectual property, which is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions for a range of applications using commercial off the shelf devices. The Company’s products include xMax, CN5100 Mobile Hotspot, CN3100 Vehicle Modem, CN3200 Dual-Band Routing Modem, CN1100 Access Point, CN7000 Mobile Control Center and xMonitor/xDrive. The Firm offers a range of frequency-agnostic cognitive radio solutions. The Company’s intellectual property is also designed to enable wireless broadband network operators make use of existing spectrum allocations. The Firm focuses on various industries across the world, such as telecommunications, cable, defense and public safety, municipal governments, critical infrastructure and markets ranging from rural to urban areas and expeditionary deployments. The implementation of its cognitive radio intellectual property is xMax.

More notable recent xG Technology Inc (NASDAQ:XGTI) news were published by: Prnewswire.com which released: “xG Technology Reports Third Quarter 2016 Results and Conference Call” on November 15, 2016, also Prnewswire.com with their article: “xG Technology Announces Adjournment Of Special Meeting” published on November 16, 2016, Prnewswire.com published: “xG Technology, Inc. Announces 1-for-12 Reverse Stock Split Now Effective” on June 20, 2016. More interesting news about xG Technology Inc (NASDAQ:XGTI) were released by: Prnewswire.com and their article: “xG Technology Announces $16 Million Binding Agreement to Acquire Vislink …” published on October 20, 2016 as well as Prnewswire.com‘s news article titled: “xG Technology, Inc. Announces Closing of Public Underwritten Offering” with publication date: July 21, 2016.

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By Adrian Mccoy


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