(NASDAQ:SOFO) shares saw light trading volume with 61 shares changing hands on Tuesday. Overall, volume was down 98.27% under the stocks normal daily volume.
Traders are a little more bearish of late if you evaluate the rise in short interest. The company experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 12.58%. Short shares grew from 37,302 to 41,996 over that timeframe. With short interest at 41,996 and short average daily volume at 4,793, days to cover is 9.0 and the percentage of shorted shares was 0.01% on October 13.
Here is a rundown on some insider market activity for Sonic Foundry Inc (NASDAQ:SOFO). Kenneth A. Minor, CFO reported the purchase of 3,400 shares of (SOFO). The shares were purchased at an average price of $3.15. Minor now owns $123,351 of the stock according to the SEC filing.
These funds have shifted positions in (SOFO). Ubs Group Ag divested its ownership by shedding 30,028 shares a decrease of 76.8% from 03/31/2017 to 06/30/2017. Ubs Group Ag now controls 9,049 shares with a value of $35,000. The value of the position overall is down by 82.1%. Wealthtrust Axiom LLC downsized its investment by selling 29,751 shares a decrease of 6.1% in the quarter. Wealthtrust Axiom LLC now holds 459,728 shares worth $1,471,000. The total value of its holdings decreased 22.9%.
Thompson Investment Management, Inc. trimmed its stake by shedding 9,353 shares a decrease of 24.4%. Thompson Investment Management, Inc. owns 28,943 shares valued at $93,000. The total value of its holdings decreased 37.6%. Dimensional Fund Advisors Lp reduced its holdings by shedding 19,850 shares a decrease of 44.0% as of 09/30/2017. Dimensional Fund Advisors Lp currently owns 25,231 shares worth $81,000. The total value of its holdings decreased 53.7%.
The company is now down from yesterday’s close of 3.38. The most current P/E ratio is N/A and market cap is 14.79M. In the latest earnings report the EPS was $-0.99 with 4.46M shares currently outstanding.
Sonic Foundry, Inc., launched on August 1, 1996, is involved in the business of providing enterprise solutions and services for the Web communications market. The Company is involved in offering video capture, management and Webcasting solutions in education, business and government. Using the Business’s Mediasite Webcasting platform and Webcast services of the Business’s events team, the Company allows its customers to share knowledge online, using video Webcasts to bridge time and distance, and develop learning outcomes..