Short Interest in WidePoint Co. (WYY) Drops By 82.0%
WidePoint Co. (NYSEAMERICAN:WYY) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 18,775 shares, a decline of 82.0% from the December 31st total of 104,319 shares. Based on an average trading volume of 88,431 shares, the short-interest ratio is presently 0.2 days.
In related news, Director Morton S. Taubman sold 106,383 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $0.47, for a total transaction of $50,000.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
An institutional investor recently raised its position in WidePoint stock. Renaissance Technologies LLC raised its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 129.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 490,600 shares of the technology company’s stock after purchasing an additional 277,099 shares during the quarter. Renaissance Technologies LLC owned 0.59% of WidePoint worth $270,000 as of its most recent SEC filing.
A number of analysts have commented on the stock. Dawson James restated a “buy” rating on shares of WidePoint in a research note on Monday, December 3rd. B. Riley restated a “buy” rating on shares of WidePoint in a research note on Monday, November 12th.
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WidePoint Company Profile
WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.
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