Straight Path Communications Inc (STRP) Short Interest Down 3.1% in December
Straight Path Communications Inc (NYSEAMERICAN:STRP) saw a large decrease in short interest in the month of December. As of December 29th, there was short interest totalling 1,154,291 shares, a decrease of 3.1% from the December 15th total of 1,191,314 shares. Approximately 16.6% of the company’s shares are sold short. Based on an average daily volume of 80,388 shares, the days-to-cover ratio is currently 14.4 days.
In related news, CEO Davidi Jonas sold 131,337 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $181.41, for a total value of $23,825,845.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Zhouyue Pi sold 16,978 shares of the stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $181.43, for a total transaction of $3,080,318.54. The disclosure for this sale can be found here. Insiders sold a total of 184,822 shares of company stock worth $33,544,649 over the last three months.
Institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in Straight Path Communications in the 3rd quarter worth about $235,000. California State Teachers Retirement System increased 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 acquiring an additional 469 shares during the period. Cowen Inc. increased 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 acquiring an additional 139,755 shares during the period. Finally, Alpine Associates Management Inc. increased 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 acquiring an additional 149,716 shares during the period.
Shares of Straight Path Communications (STRP) opened at $181.90 on Tuesday. Straight Path Communications has a 1 year low of $26.89 and a 1 year high of $235.88. The firm has a market cap of $2,320.00, a PE ratio of -40.78 and a beta of -1.89.
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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