WidePoint Co. (NYSEAMERICAN:WYY) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 59,062 shares, an increase of 125.7% from the April 15th total of 26,172 shares. Based on an average daily volume of 215,638 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.
An institutional investor recently raised its position in WidePoint stock. Renaissance Technologies LLC lifted its position in WidePoint Co. (NYSEAMERICAN:WYY) by 38.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 881,447 shares of the technology company’s stock after purchasing an additional 243,885 shares during the quarter. Renaissance Technologies LLC owned about 1.05% of WidePoint worth $401,000 at the end of the most recent quarter.
Separately, Zacks Investment Research cut shares of WidePoint from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 26th.
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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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