GoPro (GPRO) and Microsoft (MSFT) Announce Licensing Agreement

On Friday, Microsoft Technology Licensing LLC (Nasdaq: MSFT) announced a new collaborative patent licensing agreement with GoPro Inc. (Nasdaq: GPRO) for certain file storage and other system technologies.

“This agreement with GoPro shows the incredible breadth of technology sharing enabled through patent transactions,” said Nick Psyhogeos, president of Microsoft Technology Licensing. “Microsoft’s licensing of personal wearable technologies is seeing strong demand as we partner with companies from all industries to optimize solutions for their customers around the globe.”

The terms of the agreement are confidential.

Short Interest on $GPRO:

Short Interest (Shares Short)

35,315,900

Short Interest Ratio (Days To Cover)

2.9

Short Percent of Float

50.40 %

Short % Increase / Decrease

7 %

Short Interest (Shares Short) - Prior

32,946,900

GPRO chart: Short term target range $9.90 - $11.75