WidePoint Co. (NYSEAMERICAN:WYY) Sees Significant Decline in Short Interest

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

WidePoint Price Performance

Shares of WYY stock traded up $0.18 during midday trading on Friday, hitting $3.63. The company had a trading volume of 7,730 shares, compared to its average volume of 80,924. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $35.57 million, a PE ratio of -11.71 and a beta of 1.70. The stock has a 50 day simple moving average of $3.98. WidePoint has a 52-week low of $1.83 and a 52-week high of $6.25.

Hedge Funds Weigh In On WidePoint

Large investors have recently bought and sold shares of the company. Private Advisor Group LLC raised its position in WidePoint by 29.2% during the 4th quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock worth $150,000 after buying an additional 7,000 shares during the last quarter. Essex Investment Management Co. LLC increased its holdings in shares of WidePoint by 9.9% in the 4th quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock valued at $245,000 after purchasing an additional 4,547 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of WidePoint in the 4th quarter valued at about $186,000. Jane Street Group LLC purchased a new position in shares of WidePoint in the 4th quarter valued at about $101,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of WidePoint by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock valued at $394,000 after purchasing an additional 7,331 shares in the last quarter. Hedge funds and other institutional investors own 22.60% of the company’s stock.

WidePoint Company Profile

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.