WidePoint Co. (NYSEAMERICAN:WYY) Short Interest Update

WidePoint Co. (NYSEAMERICAN:WYY) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 38,100 shares, a decline of 28.2% from the February 13th total of 53,100 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 59,600 shares, the days-to-cover ratio is presently 0.6 days.

WidePoint Stock Performance

Shares of NYSEAMERICAN:WYY traded down $0.06 during midday trading on Monday, reaching $3.57. The company’s stock had a trading volume of 11,339 shares, compared to its average volume of 80,648. The firm has a market capitalization of $34.99 million, a price-to-earnings ratio of -11.52 and a beta of 1.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $3.96. WidePoint has a fifty-two week low of $1.83 and a fifty-two week high of $6.25.

Institutional Trading of WidePoint

Several institutional investors and hedge funds have recently modified their holdings of WYY. Private Advisor Group LLC increased its position in shares of WidePoint by 29.2% during the fourth quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock valued at $150,000 after acquiring an additional 7,000 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of WidePoint by 9.9% during the fourth quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock valued at $245,000 after acquiring an additional 4,547 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of WidePoint during the fourth quarter valued at approximately $186,000. Jane Street Group LLC purchased a new stake in shares of WidePoint during the fourth quarter valued at approximately $101,000. Finally, Dimensional Fund Advisors LP increased its position in shares of WidePoint by 9.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock valued at $394,000 after acquiring an additional 7,331 shares during the last quarter. 22.60% of the stock is owned by hedge funds and other institutional investors.

About WidePoint

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.