WidePoint Co. (NYSEAMERICAN:WYY) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 104,319 shares, an increase of 100.1% from the December 14th total of 52,121 shares. Based on an average daily trading volume, of 161,281 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.
A number of equities analysts have recently issued reports on WYY shares. Dawson James reiterated a “buy” rating on shares of WidePoint in a research report on Monday, December 3rd. B. Riley reiterated a “buy” rating on shares of WidePoint in a research report on Monday, November 12th.
In other WidePoint news, Director Morton S. Taubman sold 106,383 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $0.47, for a total value of $50,000.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake in WidePoint stock. Renaissance Technologies LLC lifted its stake in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 129.8% during the second quarter, according to its most recent disclosure 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 period. Renaissance Technologies LLC owned approximately 0.59% of WidePoint worth $270,000 at the end of the most recent reporting period.
Shares of WYY stock opened at $0.43 on Friday. WidePoint has a 1 year low of $0.40 and a 1 year high of $0.69.
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.
Further Reading: What is the Bid-Ask Spread?
Receive News & Ratings for WidePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WidePoint and related companies with MarketBeat.com's FREE daily email newsletter.