WidePoint Co. (NYSEAMERICAN:WYY) Short Interest Down 28.2% in February

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

WidePoint Trading Up 1.5 %

WidePoint stock traded up $0.06 during mid-day trading on Tuesday, hitting $3.63. The stock had a trading volume of 6,900 shares, compared to its average volume of 35,513. The firm has a market cap of $35.53 million, a PE ratio of -11.69 and a beta of 1.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 1.07. WidePoint has a 12 month low of $1.83 and a 12 month high of $6.25. The firm’s 50-day moving average is $3.96.

Institutional Investors Weigh In On WidePoint

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in WidePoint in the 4th quarter valued at $101,000. Dimensional Fund Advisors LP grew its holdings in shares of WidePoint by 9.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock worth $394,000 after buying an additional 7,331 shares in the last quarter. Renaissance Technologies LLC boosted its position in WidePoint by 121.6% during the 4th quarter. Renaissance Technologies LLC now owns 184,400 shares of the technology company’s stock worth $892,000 after acquiring an additional 101,176 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of WidePoint by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 74,990 shares of the technology company’s stock worth $363,000 after acquiring an additional 3,497 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of WidePoint in the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds own 22.60% of the company’s stock.

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.