Wytec International, Inc. (OTCMKTS:WYTC) Sees Significant Growth in Short Interest

Wytec International, Inc. (OTCMKTS:WYTC) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,092 shares, an increase of 154.0% from the October 15th total of 430 shares. Based on an average daily trading volume, of 161,011 shares, the short-interest ratio is currently 0.0 days.

Wytec International Trading Up 33.4%

Shares of OTCMKTS:WYTC traded up $0.02 on Friday, hitting $0.06. 187,650 shares of the company were exchanged, compared to its average volume of 17,939. Wytec International has a 1-year low of $0.02 and a 1-year high of $2.21. The stock’s 50 day moving average price is $0.63 and its 200 day moving average price is $1.19.

Wytec International Company Profile

Wytec International develops wireless communications infrastructure and network solutions for businesses and public-sector customers. Its offerings focus on improving cellular coverage and capacity, including in-building systems and private wireless networks. The company has promoted its LPN-16 platform as a solution for extending wireless connectivity in buildings and other locations where conventional cellular service may be limited. Wytec’s work also includes technologies for private LTE and 5G network deployments.