Short Interest in WM Technology, Inc. (NASDAQ:MAPS) Rises By 35.1%

WM Technology, Inc. (NASDAQ:MAPS) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 3,319,297 shares, a growth of 35.1% from the January 15th total of 2,456,120 shares. Based on an average daily volume of 892,956 shares, the short-interest ratio is currently 3.7 days. Approximately 2.8% of the company’s stock are sold short. Approximately 2.8% of the company’s stock are sold short. Based on an average daily volume of 892,956 shares, the short-interest ratio is currently 3.7 days.

Insider Buying and Selling

In related news, CEO Douglas Francis sold 158,733 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $0.83, for a total transaction of $131,748.39. Following the completion of the transaction, the chief executive officer owned 8,570,806 shares of the company’s stock, valued at $7,113,768.98. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Brian Camire sold 90,979 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $0.84, for a total value of $76,422.36. Following the completion of the sale, the general counsel directly owned 1,842,862 shares in the company, valued at $1,548,004.08. This trade represents a 4.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.64% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in WM Technology by 1,399.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,512,281 shares of the company’s stock worth $1,754,000 after purchasing an additional 1,411,456 shares during the period. Ameriprise Financial Inc. purchased a new stake in WM Technology in the third quarter worth about $486,000. Two Sigma Investments LP raised its stake in shares of WM Technology by 60.0% in the third quarter. Two Sigma Investments LP now owns 787,714 shares of the company’s stock worth $914,000 after buying an additional 295,252 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in shares of WM Technology during the 3rd quarter valued at about $290,000. Finally, Los Angeles Capital Management LLC lifted its position in shares of WM Technology by 29.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 1,083,336 shares of the company’s stock valued at $971,000 after buying an additional 246,580 shares in the last quarter. 22.02% of the stock is owned by hedge funds and other institutional investors.

WM Technology Stock Performance

Shares of NASDAQ:MAPS traded up $0.03 during midday trading on Friday, reaching $0.72. 1,093,882 shares of the company’s stock traded hands, compared to its average volume of 878,028. WM Technology has a one year low of $0.66 and a one year high of $1.48. The company has a market cap of $112.43 million, a price-to-earnings ratio of 10.22 and a beta of 1.23. The stock has a 50 day moving average of $0.85 and a 200 day moving average of $0.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of WM Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, WM Technology has a consensus rating of “Hold” and a consensus target price of $2.61.

About WM Technology

WM Technology, Inc is a software-as-a-service provider that delivers cloud-based solutions to the wealth and asset management industry. The company’s platform is designed to support financial advisors, broker-dealers and registered investment advisors with digital investment advice, portfolio management, performance reporting and compliance monitoring.

WM Technology’s product suite includes tools for streamlined client onboarding, interactive financial planning, automated portfolio rebalancing and tax-aware investment strategies.