Short Interest to Follow: Is Buying Widepoint Corporation (NYSEMKT:WYY) Here Good Idea?

November 21, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest to Follow: Is Buying Widepoint Corporation (NYSEMKT:WYY) Here Good Idea?

The stock of Widepoint Corporation (NYSEMKT:WYY) registered a decrease of 0.97% in short interest. WYY’s total short interest was 345,500 shares in November as published by FINRA. Its down 0.97% from 348,900 shares, reported previously. With 339,200 shares average volume, it will take short sellers 1 days to cover their WYY’s short positions. The short interest to Widepoint Corporation’s float is 0.55%. About 230,889 shares traded hands or 9.89% up from the average. WidePoint Corporation (NYSEMKT:WYY) has risen 10.77% since April 19, 2016 and is uptrending. It has outperformed by 6.91% the S&P500.

WidePoint Corporation is a provider of information technology products, services and solutions. The company has a market cap of $63.30 million. The Firm offers secure, cloud-based, enterprise-wide IT 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. It currently has negative earnings.

WidePoint Corporation (NYSEMKT:WYY) Ratings Coverage

Out of 2 analysts covering Widepoint (NYSEMKT:WYY), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Widepoint has been the topic of 2 analyst reports since November 10, 2015 according to StockzIntelligence Inc. The stock of WidePoint Corporation (NYSEMKT:WYY) earned “Hold” rating by Craig Hallum on Tuesday, November 10.

WYY Company Profile

WidePoint Corporation, incorporated on May 30, 1997, is a well-known provider of information technology (IT) products, services and solutions. The Firm offers secure, cloud-based, enterprise-wide IT 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. The Firm sells its solutions across the world primarily through its direct sales force and through indirect distribution channel partners. The Firm offers telecom management services, which include life cycle management of fixed and mobile assets; mobile security management services, which include life cycle fixed and mobile device access and application control management; identity management services, which include life cycle fixed and mobile, including cloud services authentication and information assurance services, and identity services, which include fixed and mobile digital certificates required for secure access to a customer’s technology infrastructure.

More notable recent WidePoint Corporation (NYSEMKT:WYY) news were published by: Prnewswire.com which released: “WidePoint Corporation Reports Third Quarter 2016 Financial Results” on November 09, 2016, also Marketwatch.com with their article: “WidePoint Corporation Acquires Soft-ex Communications” published on May 08, 2014, Seekingalpha.com published: “WidePoint: Shares Soar And Should Continue To Rise” on November 16, 2016. More interesting news about WidePoint Corporation (NYSEMKT:WYY) were released by: Seekingalpha.com and their article: “WidePoint Corporation: An Undervalued Company With 60% Upside” published on February 13, 2014 as well as Seekingalpha.com‘s news article titled: “WidePoint Corporation: Does A Samsung Contract Matter With Apple’s Dominance …” with publication date: July 02, 2015.

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By Hazel Jackson


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