Wytec International, Inc. (OTCMKTS:WYTC) Sees Significant Increase in Short Interest

Wytec International, Inc. (OTCMKTS:WYTC) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 508 shares, a growth of 73.4% from the February 26th total of 293 shares. Based on an average trading volume of 817 shares, the days-to-cover ratio is presently 0.6 days.

Wytec International Trading Up 0.6%

Shares of WYTC opened at $1.60 on Friday. The stock has a 50-day moving average price of $1.71 and a 200-day moving average price of $1.77. Wytec International has a 12-month low of $0.84 and a 12-month high of $3.25.

Wytec International Company Profile

Wytec International, Inc is a U.S.-based wireless infrastructure company focused on the design, deployment and operation of small cell networks. The company develops turnkey solutions aimed at accelerating the rollout of next-generation wireless services, including 4G LTE and 5G technology. Through a combination of proprietary hardware and software, Wytec seeks to address the growing demand for high-capacity, low-latency connectivity in urban and suburban environments.

Central to Wytec’s offering is its BitBOX™ small cell platform, a modular system that integrates radios, antennas, power management and network intelligence into a compact enclosure.