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

kopsource ·  Jan 16, 2023 13:41

WaveDancer, Inc. (NASDAQ:WAVD – Get Rating) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 12,200 shares, an increase of 1,009.1% from the December 31st total of 1,100 shares. Approximately 0.1% of the company's stock are sold short. Based on an average trading volume of 38,600 shares, the short-interest ratio is currently 0.3 days.

WaveDancer Price Performance

NASDAQ:WAVD traded up $0.01 during trading hours on Monday, hitting $0.51. 9,400 shares of the company traded hands, compared to its average volume of 13,122. The firm's 50-day simple moving average is $0.60 and its 200-day simple moving average is $0.97. WaveDancer has a one year low of $0.34 and a one year high of $6.00.

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WaveDancer (NASDAQ:WAVD – Get Rating) last released its earnings results on Monday, November 21st. The company reported ($0.26) EPS for the quarter. The business had revenue of $2.31 million for the quarter. WaveDancer had a negative return on equity of 63.84% and a negative net margin of 79.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Northern Trust Corp bought a new position in WaveDancer in the 2nd quarter valued at $25,000. State Street Corp bought a new stake in WaveDancer in the second quarter worth $33,000. Finally, Renaissance Technologies LLC bought a new stake in WaveDancer in the second quarter worth $100,000. 19.75% of the stock is currently owned by hedge funds and other institutional investors.

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; and software development, system modernizations, cloud-based solutions, and cybersecurity services.

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