XG Technology Inc ($XGTI) December Short Interes

XG Technology Inc ($XGTI) December Short Interest Increases by 6.7%
By Kevin Papetti -
March 10, 2016

XG Technology Inc (NASDAQ:XGTI) ensharesed a rise of 6.7% or 31,140 shares in the short positions. The number escalated from 462,058 on February 12,2016 to 493,198 on February 29,2016. The final interest is 2.5% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 264,372 shares. Short Interest information was released on March 9th by Financial Industry Regulatory Authority, Inc (FINRA).

Currently the company Insiders own 41.42% of XG Technology Inc shares according to the proxy statements. Institutional Investors own 1.26% of XG Technology Inc shares. Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President) of Xg Technology, Inc., Woodyatt Ross James had sold 12,000 shares worth of $3,360 in a transaction dated June 23, 2015. In this transaction, 12,000 shares were sold at $0.28 per share.

XG Technology Inc (NASDAQ:XGTI) : On Wednesday heightened volatility was witnessed in XG Technology Inc (NASDAQ:XGTI) which led to swings in the share price. The stock opened for trading at $0.126 and hit $0.146 on the upside , eventually ending the session at $0.13, with a gain of 8.33% or 0.01 points. The heightened volatility saw the trading volume jump to 2,666,189 shares. The 52-week high of the share price is $5.64 and the company has a market cap of $1.9 million. The 52-week low of the share price is at $0.1106 .

xG Technology, Inc. develops a portfolio of intellectual property. The Companys intellectual property is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions. The Companys 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 Company has developed frequency-agnostic cognitive radio solutions. Its intellectual property is also designed to enable wireless broadband network operators make efficient use of existing spectrum allocations. The Company 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.

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