WidePoint Short Interest Down 79.9% in August (WYY)
WidePoint (NYSE:WYY) was the target of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 632,310 shares, a decrease of 79.9% from the July 31st total of 3,148,632 shares, StockRatingsNetwork reports. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 323,795 shares, the days-to-cover ratio is currently 2.0 days.
Separately, analysts at Zacks downgraded shares of WidePoint from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 19th. They now have a $1.50 price target on the stock.
WidePoint (NYSE:WYY) opened at 1.60 on Wednesday. WidePoint has a 52 week low of $0.76 and a 52 week high of $1.95. The stock’s 50-day moving average is $1.58 and its 200-day moving average is $1.5. The company’s market cap is $117.0 million.
WidePoint (NYSE:WYY) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.01. The company had revenue of $12.40 million for the quarter, compared to the consensus estimate of $11.60 million. On average, analysts predict that WidePoint will post $-0.02 earnings per share for the current fiscal year.
WidePoint Corporation (NYSE:WYY) is a provider of customized technology-based products and solutions to both the government sector and commercial markets.
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