WaveDancer, Inc. (NASDAQ:WAVD) Short Interest Update

WaveDancer, Inc. (NASDAQ:WAVDGet Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 62,500 shares, a growth of 59.4% from the February 29th total of 39,200 shares. Based on an average daily volume of 190,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On WaveDancer

Several large investors have recently added to or reduced their stakes in WAVD. Pathstone Holdings LLC purchased a new stake in shares of WaveDancer in the 4th quarter valued at about $42,000. Trueblood Wealth Management LLC bought a new position in shares of WaveDancer in the fourth quarter worth approximately $27,000. State Street Corp purchased a new stake in WaveDancer in the second quarter valued at approximately $33,000. Renaissance Technologies LLC bought a new stake in WaveDancer during the second quarter valued at approximately $100,000. Finally, Northern Trust Corp purchased a new position in WaveDancer in the 2nd quarter worth approximately $25,000. Institutional investors own 4.96% of the company’s stock.

WaveDancer Price Performance

Shares of NASDAQ:WAVD opened at $3.46 on Friday. The company has a market cap of $6.95 million, a price-to-earnings ratio of -0.60 and a beta of 2.88. WaveDancer has a one year low of $1.10 and a one year high of $9.00. The firm has a fifty day moving average price of $2.37 and a two-hundred day moving average price of $2.25.

WaveDancer Company Profile

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WaveDancer, Inc engages in development and maintenance of information technology systems, modernizing client information systems, and offers other IT-related professional services to government and commercial organizations in the United States. It also offers secure supply chain management software solution; consulting, development, training, and migration; and software development, system modernizations, cloud-based solutions, and cybersecurity services.

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