The stock of Actua Corporation (NASDAQ:ACTA) registered an increase of 15.1% in short interest. ACTA’s total short interest was 1.42 million shares in April as published by FINRA. Its up 15.1% from 1.23 million shares, reported previously. With 134,800 shares average volume, it will take short sellers 11 days to cover their ACTA’s short positions. The short interest to Actua Corporation’s float is 4.21%. The stock increased 1.22% or $0.11 during the last trading session, hitting $9.14. Actua Corp (NASDAQ:ACTA) has declined 34.81% since August 28, 2015 and is downtrending. It has underperformed by 37.64% the S&P500.
Actua Corporation, formerly ICG Group, Inc. is a multi-vertical cloud technology company. The company has a market cap of $359.57 million. The Firm operates through two divisions: the vertical cloud segment and the vertical cloud segment. It currently has negative earnings. The vertical cloud businesses include BOLT Solutions Inc. (Bolt), FolioDynamix, GovDelivery Holdings, Inc. (GovDelivery) and MSDSonline Holdings, Inc. (MSDSonline), 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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