MarketWise, Inc. (NASDAQ:MKTW) Sees Large Drop in Short Interest

MarketWise, Inc. (NASDAQ:MKTW) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 73,800 shares, a decline of 35.3% from the May 15th total of 114,000 shares. Approximately 4.0% of the company’s shares are sold short. Based on an average daily trading volume, of 32,900 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in shares of MarketWise in the fourth quarter worth about $25,000. Two Sigma Securities LLC purchased a new position in MarketWise during the 4th quarter valued at about $27,000. BNP Paribas Financial Markets purchased a new position in MarketWise during the 4th quarter valued at about $31,000. Militia Capital Partners LP purchased a new position in MarketWise during the 1st quarter valued at about $35,000. Finally, Jane Street Group LLC increased its holdings in MarketWise by 257.9% during the 4th quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher’s stock valued at $48,000 after purchasing an additional 61,254 shares during the period. Hedge funds and other institutional investors own 23.04% of the company’s stock.

MarketWise Trading Down 4.9%

MKTW opened at $17.55 on Monday. The company has a market cap of $284.75 million, a P/E ratio of 146.26 and a beta of 0.47. The business’s 50-day moving average price is $15.17 and its 200-day moving average price is $12.75. MarketWise has a 12 month low of $9.08 and a 12 month high of $27.10.

MarketWise (NASDAQ:MKTW) last released its quarterly earnings data on Thursday, May 8th. The newsletter publisher reported $0.41 EPS for the quarter, topping the consensus estimate of ($0.99) by $1.40. The firm had revenue of $83.51 million for the quarter, compared to the consensus estimate of $75.89 million. MarketWise had a negative return on equity of 1.89% and a net margin of 1.20%.

MarketWise Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, May 15th will be issued a $0.20 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 4.56%. MarketWise’s dividend payout ratio is currently 26.58%.

About MarketWise

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.