WidePoint Co. (NYSEAMERICAN:WYY) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 55,060 shares, a growth of 786.8% from the February 28th total of 6,209 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 152,067 shares, the short-interest ratio is currently 0.4 days.
A hedge fund recently bought a new stake in WidePoint stock. Raymond James Financial Services Advisors Inc. bought a new stake in WidePoint Co. (NYSEAMERICAN:WYY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 749,440 shares of the technology company’s stock, valued at approximately $487,000. Raymond James Financial Services Advisors Inc. owned about 0.90% of WidePoint as of its most recent SEC filing.
Shares of WYY stock opened at $0.58 on Tuesday. The company has a market cap of $43.35, a PE ratio of -9.67 and a beta of 1.94. WidePoint has a 12-month low of $0.39 and a 12-month high of $0.73.
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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