WaveDancer, Inc. (NASDAQ:WAVD) Sees Significant Decrease in Short Interest

WaveDancer, Inc. (NASDAQ:WAVD) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 25,200 shares, a decline of 65.9% from the March 31st total of 74,000 shares. Based on an average daily trading volume, of 192,000 shares, the short-interest ratio is currently 0.1 days. Currently, 1.5% of the company’s stock are short sold.

WaveDancer Stock Performance

WAVD opened at $2.11 on Friday. The business’s 50-day simple moving average is $2.55 and its 200-day simple moving average is $2.21. The company has a market cap of $4.24 million, a P/E ratio of -0.37 and a beta of 2.95. WaveDancer has a one year low of $1.10 and a one year high of $9.00.

Institutional Investors Weigh In On WaveDancer

A hedge fund recently bought a new stake in WaveDancer stock. Trueblood Wealth Management LLC bought a new stake in WaveDancer, Inc. (NASDAQ:WAVD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,000 shares of the company’s stock, valued at approximately $27,000. Trueblood Wealth Management LLC owned about 0.80% of WaveDancer as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.96% of the company’s stock.

About WaveDancer

WaveDancer, Inc engages in development and maintenance of information technology systems, modernizing client information systems, and offers other IT-related professional services to government and commercial organizations in the United States. It also offers secure supply chain management software solution; consulting, development, training, and migration; and software development, system modernizations, cloud-based solutions, and cybersecurity services.