RPX Corp (NASDAQ:RPXC) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 636,988 shares, a decrease of 30.9% from the January 12th total of 921,621 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average trading volume of 482,222 shares, the days-to-cover ratio is presently 1.3 days.

RPX (NASDAQ:RPXC) traded up $0.35 during trading on Wednesday, reaching $12.97. The company’s stock had a trading volume of 196,593 shares, compared to its average volume of 330,774. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a market capitalization of $637.90, a price-to-earnings ratio of 36.03 and a beta of 1.28. RPX has a 12 month low of $10.41 and a 12 month high of $15.15.

In other RPX news, CFO David James Anderson sold 5,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $12.80, for a total value of $64,000.00. Following the completion of the transaction, the chief financial officer now owns 26,981 shares in the company, valued at $345,356.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.52% of the company’s stock.

A number of institutional investors have recently bought and sold shares of RPXC. AMP Capital Investors Ltd acquired a new stake in RPX in the fourth quarter valued at $144,000. Martingale Asset Management L P acquired a new stake in RPX in the fourth quarter valued at $169,000. Capital Fund Management S.A. acquired a new stake in shares of RPX during the fourth quarter valued at $171,000. SG Americas Securities LLC acquired a new stake in shares of RPX during the third quarter valued at $172,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of RPX during the fourth quarter valued at $207,000. 89.12% of the stock is currently owned by institutional investors.

Several analysts have weighed in on RPXC shares. Barclays reissued a “sell” rating and issued a $14.00 target price on shares of RPX in a report on Friday, January 5th. BidaskClub lowered RPX from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Robert W. Baird reissued a “buy” rating and issued a $15.00 target price on shares of RPX in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. RPX has an average rating of “Hold” and an average price target of $14.25.

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About RPX

RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.

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