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

WidePoint Co. (NYSEAMERICAN:WYY) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 38,100 shares, a decrease 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 company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WYY. Arrowstreet Capital Limited Partnership acquired a new stake in shares of WidePoint in the 4th quarter valued at about $75,000. Jane Street Group LLC acquired a new stake in shares of WidePoint in the 4th quarter valued at about $101,000. Private Advisor Group LLC boosted its position in shares of WidePoint by 29.2% in the 4th quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock valued at $150,000 after purchasing an additional 7,000 shares during the period. Truvestments Capital LLC acquired a new stake in shares of WidePoint in the 4th quarter valued at about $186,000. Finally, Essex Investment Management Co. LLC boosted its position 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 during the period. 22.60% of the stock is owned by institutional investors and hedge funds.

WidePoint Stock Up 5.2 %

NYSEAMERICAN WYY traded up $0.18 during trading hours on Friday, hitting $3.63. 7,730 shares of the company were exchanged, compared to its average volume of 80,924. The company’s 50 day simple moving average is $3.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07. WidePoint has a 52-week low of $1.83 and a 52-week high of $6.25. The firm has a market capitalization of $35.57 million, a price-to-earnings ratio of -11.71 and a beta of 1.70.

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.