Wayside Technology Group, Inc. (NASDAQ:WSTG) Short Interest Update

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Wayside Technology Group, Inc. (NASDAQ:WSTG) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 4,500 shares, a decrease of 16.7% from the September 30th total of 5,400 shares. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Separately, TheStreet raised Wayside Technology Group from a “c” rating to a “b-” rating in a research note on Friday, August 30th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WSTG. Venturi Wealth Management LLC purchased a new position in Wayside Technology Group in the 3rd quarter valued at approximately $42,000. Seizert Capital Partners LLC increased its stake in Wayside Technology Group by 43.3% in the 2nd quarter. Seizert Capital Partners LLC now owns 29,866 shares of the company’s stock valued at $337,000 after purchasing an additional 9,029 shares in the last quarter. Renaissance Technologies LLC increased its stake in Wayside Technology Group by 5.0% in the 2nd quarter. Renaissance Technologies LLC now owns 273,613 shares of the company’s stock valued at $3,089,000 after purchasing an additional 12,913 shares in the last quarter. Finally, FMR LLC increased its stake in Wayside Technology Group by 0.5% in the 1st quarter. FMR LLC now owns 634,306 shares of the company’s stock valued at $7,073,000 after purchasing an additional 3,208 shares in the last quarter. 40.44% of the stock is owned by hedge funds and other institutional investors.

NASDAQ WSTG opened at $13.80 on Friday. Wayside Technology Group has a 1-year low of $9.60 and a 1-year high of $16.10. The company has a market capitalization of $61.91 million, a P/E ratio of 9.41 and a beta of 0.37. The business has a 50 day moving average price of $14.39 and a 200 day moving average price of $12.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.67 and a quick ratio of 1.62.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 18th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 4.93%. The ex-dividend date is Friday, November 15th.

About Wayside Technology Group

Wayside Technology Group, Inc operates as an information technology channel company worldwide. It operates in two segments, Lifeboat Distribution and TechXtend. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators; and software, hardware, and services for corporations, government organizations, and academic institutions.

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