WaveDancer, Inc. (NASDAQ:WAVD) Sees Large Growth in Short Interest

WaveDancer, Inc. (NASDAQ:WAVD) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 35,700 shares, a growth of 81.2% from the July 15th total of 19,700 shares. Based on an average daily trading volume, of 35,400 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.1% of the shares of the company are short sold.

WaveDancer Stock Performance

Shares of WAVD stock traded down $2.09 during trading hours on Thursday, reaching $6.35. The company had a trading volume of 104,203 shares, compared to its average volume of 100,140. The business has a fifty day moving average price of $6.34 and a 200-day moving average price of $7.14. WaveDancer has a one year low of $1.06 and a one year high of $5.30.

WaveDancer (NASDAQ:WAVD) last posted its earnings results on Tuesday, May 14th. The company reported ($0.99) EPS for the quarter. The company had revenue of $1.92 million during the quarter. WaveDancer had a negative return on equity of 57.30% and a negative net margin of 17.55%.

Hedge Funds Weigh In On WaveDancer

A hedge fund recently raised its stake in WaveDancer stock. Waldron Private Wealth LLC increased its holdings in WaveDancer, Inc. (NASDAQ:WAVD) by 200.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,000 shares of the company’s stock after buying an additional 20,000 shares during the quarter. Waldron Private Wealth LLC owned 1.49% of WaveDancer worth $62,000 at the end of the most recent reporting period. 4.96% of the stock is currently owned by institutional investors.

WaveDancer Company Profile

WaveDancer, Inc develops and maintains information technology systems in the United States. The company also modernizes client information systems; and offers other IT-related professional services to government and commercial organizations. In addition, it offers IT consulting, development, training, migration, and on-site project support; and software development, system modernizations, cloud services, and cybersecurity services.