RealNetworks Inc (NASDAQ:RNWK) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totalling 378,700 shares, an increase of 97.8% from the May 14th total of 191,500 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 755,500 shares, the days-to-cover ratio is currently 0.5 days.
NASDAQ:RNWK traded down $0.28 during trading hours on Thursday, reaching $1.34. The company had a trading volume of 33,530 shares, compared to its average volume of 477,759. RealNetworks has a twelve month low of $0.32 and a twelve month high of $2.24. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The firm has a market cap of $58.12 million, a price-to-earnings ratio of -2.35 and a beta of 1.65. The business’s 50-day simple moving average is $1.13 and its two-hundred day simple moving average is $1.13.
Several large investors have recently modified their holdings of RNWK. Ariel Investments LLC lifted its holdings in shares of RealNetworks by 20.8% in the 4th quarter. Ariel Investments LLC now owns 6,020,322 shares of the technology company’s stock worth $7,224,000 after purchasing an additional 1,037,750 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in RealNetworks during the first quarter worth $216,000. B. Riley Financial Inc. lifted its stake in shares of RealNetworks by 200.0% in the fourth quarter. B. Riley Financial Inc. now owns 150,000 shares of the technology company’s stock valued at $180,000 after buying an additional 100,000 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of RealNetworks by 9.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 471,318 shares of the technology company’s stock valued at $344,000 after buying an additional 42,191 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of RealNetworks by 1.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,237,643 shares of the technology company’s stock valued at $1,485,000 after buying an additional 19,204 shares during the last quarter. 40.19% of the stock is currently owned by institutional investors.
RealNetworks Company Profile
RealNetworks, Inc provides network-delivered digital media applications and services to manage, play, and share digital media. Its Consumer Media segment offers RealPlayer media player software, which 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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