Short Interest in MarketWise, Inc. (NASDAQ:MKTW) Declines By 90.4%

MarketWise, Inc. (NASDAQ:MKTW) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 137,700 shares, a drop of 90.4% from the March 15th total of 1,430,000 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 4.1 days. Currently, 8.7% of the company’s stock are short sold.

MarketWise Stock Up 6.7 %

MarketWise stock traded up $0.89 during trading on Monday, reaching $14.26. The stock had a trading volume of 128,645 shares, compared to its average volume of 22,483. The stock has a market cap of $231.37 million, a PE ratio of 118.84 and a beta of 0.42. The business has a 50 day moving average price of $11.78 and a 200 day moving average price of $11.48. MarketWise has a 52-week low of $9.08 and a 52-week high of $34.60.

MarketWise (NASDAQ:MKTW) last posted its quarterly earnings results on Thursday, March 6th. The newsletter publisher reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.40. The company had revenue of $97.48 million for the quarter, compared to analysts’ expectations of $77.36 million. MarketWise had a negative return on equity of 1.89% and a net margin of 1.20%.

MarketWise Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.61%. This is an increase from MarketWise’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, March 18th. MarketWise’s dividend payout ratio is 23.53%.

Institutional Trading of MarketWise

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in shares of MarketWise in the 4th quarter valued at $25,000. Two Sigma Securities LLC purchased a new stake in MarketWise in the fourth quarter valued at $27,000. Barclays PLC boosted its stake in MarketWise by 260.4% in the third quarter. Barclays PLC now owns 51,689 shares of the newsletter publisher’s stock valued at $34,000 after acquiring an additional 37,347 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in MarketWise in the fourth quarter valued at $31,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of MarketWise by 118.4% during the third quarter. JPMorgan Chase & Co. now owns 70,768 shares of the newsletter publisher’s stock worth $47,000 after purchasing an additional 38,364 shares during the last quarter. Institutional investors and hedge funds own 23.04% of the company’s stock.

MarketWise Company Profile

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.