RealNetworks, Inc. (NASDAQ:RNWK) Sees Large Increase in Short Interest


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RealNetworks, Inc. (NASDAQ:RNWK) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,330,000 shares, a growth of 27.9% from the March 31st total of 1,040,000 shares. Based on an average trading volume of 1,660,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 6.4% of the company’s stock are sold short.

Several hedge funds have recently added to or reduced their stakes in the company. Avestar Capital LLC acquired a new stake in shares of RealNetworks during the first quarter worth approximately $30,000. Dorsey Wright & Associates acquired a new stake in shares of RealNetworks during the first quarter worth approximately $29,000. Laird Norton Trust Company LLC acquired a new position in RealNetworks in the fourth quarter worth $106,000. Squarepoint Ops LLC acquired a new position in RealNetworks in the fourth quarter worth $43,000. Finally, CM Management LLC acquired a new position in RealNetworks in the fourth quarter worth $2,106,000. 26.72% of the stock is owned by institutional investors and hedge funds.

NASDAQ:RNWK traded down $0.13 during trading hours on Tuesday, hitting $2.55. The stock had a trading volume of 1,745,373 shares, compared to its average volume of 1,596,568. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. RealNetworks has a 1-year low of $0.71 and a 1-year high of $6.66. The business has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $2.74. The company has a market cap of $98.44 million, a PE ratio of -5.08 and a beta of 1.60.

RealNetworks (NASDAQ:RNWK) last released its quarterly earnings results on Wednesday, February 10th. The technology company reported $0.16 earnings per share for the quarter. RealNetworks had a negative net margin of 13.49% and a negative return on equity of 49.92%. The business had revenue of $17.60 million during the quarter.

RealNetworks Company Profile

RealNetworks, Inc provides digital media software and services in the United States, Europe, and internationally. Its Consumer Media segment offers RealPlayer media player, a software that enables consumers to discover, play, download, manage, and edit digital video, stream audio and video, download and save photos and videos from the web, transfer and share content on social networks, and edit their own photo and video content.

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