Tenor Capital Management Exits Position in Superconductor Technologies (SCON)

Superconductor Technologies (SCON) : Tenor Capital Management has sold out all of its stake in Superconductor Technologies during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 1,478 shares of Superconductor Technologies which is valued at $3,370.

Other Hedge Funds, Including , Kopp Investment Advisors boosted its stake in SCON in the latest quarter, The investment management firm added 108,292 additional shares and now holds a total of 527,212 shares of Superconductor Technologies which is valued at $1,202,043. Superconductor Technologies makes up approx 0.55% of Kopp Investment Advisors’s portfolio.Blackrock Fund Advisors boosted its stake in SCON in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 288 shares of Superconductor Technologies which is valued at $657. Cambridge Investment Research Advisors added SCON to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $10,240.

Superconductor Technologies closed down -0.04 points or -1.64% at $2.4 with 11,368 shares getting traded on Thursday. Post opening the session at $2.41, the shares hit an intraday low of $2.2801 and an intraday high of $2.44 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Superconductor Technologies Inc. is focused on developing and commercializing high temperature superconductor (HTS) materials and related technologies. The Company is engaged in research development manufacture and marketing of high performance products used in cellular base stations. The Company’s products include AmpLink and SuperPlex which are sold to wireless network operators in the United States. It develops products for the utility and telecommunications industries. Its HTS Wire Platform is focused on three applications including superconducting high power transmission cable superconducting fault current limiters (SFCL) and superconducting rotating machines such as motors and generators. Its superconducting magnets are used in various applications to create high magnetic fields such as nuclear magnetic resonance (NMR) and magnetic resonance imaging (MRI) machines.

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