WidePoint Co. (WYY) Sees Significant Growth in Short Interest

WidePoint Co. (NYSEAMERICAN:WYY) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 109,889 shares, a growth of 3,407.5% from the October 15th total of 3,133 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 156,094 shares, the days-to-cover ratio is currently 0.7 days.

An institutional investor recently raised its position in WidePoint stock. Renaissance Technologies LLC increased its position in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 129.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 490,600 shares of the technology company’s stock after buying an additional 277,099 shares during the quarter. Renaissance Technologies LLC owned 0.59% of WidePoint worth $270,000 at the end of the most recent quarter.

Shares of NYSEAMERICAN:WYY opened at $0.50 on Friday. WidePoint has a 52-week low of $0.40 and a 52-week high of $0.73.

WidePoint (NYSEAMERICAN:WYY) last issued its quarterly earnings results on Tuesday, August 14th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $17.54 million during the quarter, compared to analyst estimates of $17.90 million.

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WidePoint Company Profile

WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.

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