WidePoint Co. (NYSEAMERICAN:WYY) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 59,062 shares, an increase of 125.7% from the April 15th total of 26,172 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 215,638 shares, the short-interest ratio is presently 0.3 days.
Separately, Zacks Investment Research cut shares of WidePoint from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 26th.
Shares of WidePoint stock opened at $0.52 on Wednesday. WidePoint has a 12-month low of $0.38 and a 12-month high of $0.63.
A hedge fund recently raised its stake in WidePoint stock. Renaissance Technologies LLC raised its stake in WidePoint Co. (NYSEAMERICAN:WYY) by 38.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 881,447 shares of the technology company’s stock after buying an additional 243,885 shares during the period. Renaissance Technologies LLC owned approximately 1.05% of WidePoint worth $401,000 at the end of the most recent reporting period.
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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.
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