WidePoint Corporation (NYSEAMERICAN:WYY) Short Interest Down 19.1% in February

WidePoint Corporation (NYSEAMERICAN:WYY) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 15,032 shares, a drop of 19.1% from the January 29th total of 18,582 shares. Based on an average daily trading volume, of 44,402 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 44,402 shares, the short-interest ratio is currently 0.3 days.

WidePoint Price Performance

Shares of NYSEAMERICAN WYY traded up $0.15 during mid-day trading on Wednesday, hitting $4.74. 31,241 shares of the company’s stock traded hands, compared to its average volume of 47,777. WidePoint has a 1 year low of $2.19 and a 1 year high of $7.55. The company’s 50-day moving average is $5.80 and its two-hundred day moving average is $5.81. The company has a market capitalization of $46.88 million, a P/E ratio of -19.75 and a beta of 1.46.

Institutional Trading of WidePoint

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in WidePoint by 9.7% during the 4th quarter. State Street Corp now owns 27,153 shares of the technology company’s stock valued at $146,000 after purchasing an additional 2,400 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of WidePoint by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 85,777 shares of the technology company’s stock valued at $461,000 after buying an additional 3,675 shares during the period. Renaissance Technologies LLC raised its holdings in shares of WidePoint by 3.0% in the fourth quarter. Renaissance Technologies LLC now owns 132,098 shares of the technology company’s stock valued at $709,000 after acquiring an additional 3,898 shares in the last quarter. Vanguard Group Inc. lifted its stake in WidePoint by 2.4% in the third quarter. Vanguard Group Inc. now owns 376,513 shares of the technology company’s stock worth $1,862,000 after acquiring an additional 8,850 shares during the period. Finally, Ritholtz Wealth Management bought a new position in WidePoint during the 4th quarter worth about $79,000. Institutional investors own 22.60% of the company’s stock.

WidePoint Company Profile

WidePoint Corporation (NYSE American: WYY) is a provider of secure mobility management and identity management solutions. Headquartered in Reston, Virginia, the company delivers a range of managed services designed to help organizations control and secure their telecommunications and IT environments. Since its inception in the late 1990s, WidePoint has focused on helping businesses and government agencies optimize their mobile device portfolios and ensure regulatory compliance.

WidePoint’s core offerings include mobile device management, telecom expense management, and unified endpoint security.