WidePoint Co. (NYSEAMERICAN:WYY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 104,319 shares, an increase of 100.1% from the December 14th total of 52,121 shares. Based on an average daily volume of 161,281 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.
WYY stock opened at $0.45 on Friday. WidePoint has a 1-year low of $0.40 and a 1-year high of $0.69.
In related news, Director Morton S. Taubman sold 106,383 shares of WidePoint stock in a transaction on Friday, November 30th. The stock was sold at an average price of $0.47, for a total transaction of $50,000.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
An institutional investor recently raised its position in WidePoint stock. First Wilshire Securities Management Inc. boosted its position in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 12.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,060,951 shares of the technology company’s stock after buying an additional 116,593 shares during the quarter. First Wilshire Securities Management Inc. owned approximately 1.28% of WidePoint worth $489,000 as of its most recent SEC filing.
Several equities analysts recently weighed in on the company. B. Riley reissued a “buy” rating on shares of WidePoint in a research report on Monday, November 12th. Dawson James reissued a “buy” rating on shares of WidePoint in a research report on Monday, December 3rd.
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WidePoint Company Profile
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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