Short Interest in WidePoint Co. (WYY) Declines By 22.5%
WidePoint Co. (NYSEAMERICAN:WYY) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 211,629 shares, a decline of 22.5% from the November 15th total of 273,232 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 195,960 shares, the short-interest ratio is currently 1.1 days.
A number of research firms have recently commented on WYY. Zacks Investment Research upgraded shares of WidePoint from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. B. Riley restated a “buy” rating and issued a $1.00 price target on shares of WidePoint in a report on Wednesday, November 15th. Finally, ValuEngine cut shares of WidePoint from a “hold” rating to a “sell” rating in a report on Friday, September 1st.
Shares of WidePoint (WYY) opened at $0.65 on Tuesday. WidePoint has a one year low of $0.39 and a one year high of $0.96.
In other news, Director Philip E. Richter acquired 71,300 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were acquired at an average price of $0.68 per share, for a total transaction of $48,484.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Otto J. Guenther acquired 60,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were purchased at an average price of $0.58 per share, for a total transaction of $34,800.00. Following the transaction, the director now directly owns 60,000 shares of the company’s stock, valued at $34,800. The disclosure for this purchase can be found here. Insiders purchased 156,300 shares of company stock worth $99,334 in the last 90 days.
An institutional investor recently raised its position in WidePoint stock. Intellectus Partners LLC grew its stake in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,855 shares of the technology company’s stock after acquiring an additional 5,000 shares during the quarter. Intellectus Partners LLC owned about 0.29% of WidePoint worth $109,000 as of its most recent SEC filing.
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WidePoint Company Profile
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.
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