XG Technology Inc (NASDAQ:XGTI) Reports Decline in Sellers; Strong Momentum for Longs

XG Technology, Inc (NASDAQ:XGTI) Logo

The stock of XG Technology Inc (NASDAQ:XGTI) registered a decrease of 18.57% in short interest. XGTI’s total short interest was 438,400 shares in July as published by FINRA. Its down 18.57% from 538,400 shares, reported previously. With 66,700 shares average volume, it will take short sellers 7 days to cover their XGTI’s short positions. The short interest to XG Technology Inc’s float is 4.57%.

The stock increased 4.51% or $0.0194 during the last trading session, reaching $0.45. About 88,951 shares traded or Infinity% up from the average. XG Technology, Inc (NASDAQ:XGTI) has 0.00% since July 14, 2018 and is . It has underperformed by 4.43% the S&P500.

xG Technology, Inc. designs, develops, and delivers advanced wireless communications solutions worldwide. The company has market cap of $. It offers electronic news gathering, wireless camera, portable microwave, and fixed point to point systems for the broadcasting market; wireless camera systems and mobile radios for the sports and entertainment market; and wireless video solutions, including manned and unmanned aerial and ground systems, mobile and handheld receive systems, and transmitters for the government/surveillance market. It currently has negative earnings. The firm also provides microwave radio components, and satellite communication and associated amplifier products.

More notable recent XG Technology, Inc (NASDAQ:XGTI) news were published by: Globenewswire.com which released: “IMT VISLINK RECEIVES OVER $400000 IN ORDERS FOR AIRBORNE VIDEO DOWNLINK EQUIPMENT FROM LAW ENFORCEMENT AGENCIES IN SOUTHERN CALIFORNIA AND WASHINGTON STATE – GlobeNewswire” on December 21, 2018, also Nasdaq.com with their article: “ETF Preview: ETFs, Futures Higher as Dow Nears 20,000 Mark Again; Existing Home Sales Data Still Ahead – Nasdaq” published on December 21, 2016, Nasdaq.com published: “Close Update: Stocks Trade Lower as Traders Eye Fed Clues on Rate Hikes – Nasdaq” on May 23, 2016. More interesting news about XG Technology, Inc (NASDAQ:XGTI) were released by: Nasdaq.com and their article: “5 of the Best Stocks Under $10 for 2017 – Nasdaq” published on August 03, 2017 as well as Prnewswire.com‘s news article titled: “xG Technology Announces Membership in the International Association of Emergency Managers – PR Newswire” with publication date: June 11, 2014.

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