The stock of Actua Corporation (NASDAQ:ACTA) registered a decrease of 9.75% in short interest. ACTA’s total short interest was 1.12M shares in September as published by FINRA. Its down 9.75% from 1.24 million shares, reported previously. With 58,800 shares average volume, it will take short sellers 19 days to cover their ACTA’s short positions. The short interest to Actua Corporation’s float is 3.34%. About 13,100 shares traded hands. Actua Corp (NASDAQ:ACTA) has risen 27.59% since February 8, 2016 and is uptrending. It has outperformed by 11.10% the S&P500.
Actua Corporation, formerly ICG Group, Inc., is a multi-vertical cloud technology company. The company has a market cap of $404.69 million. The Firm operates through two divisions, which include the vertical cloud segment and the vertical cloud segment. It currently has negative earnings. The Company’s vertical cloud businesses include Bolt Solutions Inc. (Bolt), Folio Dynamics Holdings Inc. (FolioDynamix), GovDelivery Holdings, Inc. (GovDelivery) and VelocityEHS Holdings, Inc. (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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