WidePoint Co. (NYSE:WYY) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 549,856 shares, a decrease of 11.2% from the October 14th total of 619,019 shares. Based on an average trading volume of 73,861 shares, the days-to-cover ratio is currently 7.4 days. Approximately 0.7% of the company’s stock are sold short.

Shares of WidePoint (NYSE:WYY) opened at 0.6946 on Thursday. The firm’s market cap is $57.46 million. WidePoint has a 12-month low of $0.37 and a 12-month high of $0.94. The stock has a 50 day moving average price of $0.45 and a 200 day moving average price of $0.58.

Several equities research analysts have recently commented on the company. B. Riley reissued a “buy” rating and issued a $1.50 price objective on shares of WidePoint in a report on Friday, November 4th. Zacks Investment Research raised WidePoint from a “sell” rating to a “hold” rating in a report on Saturday, September 24th.

About WidePoint

WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.

5 Day Chart for NYSE:WYY

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