Short Interest To Observe: Wayside Technology Group Incorporated (NASDAQ:WSTG) Reports Increase in Sellers; Strong Momentum for Short Players

November 21, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest To Observe: Wayside Technology Group Incorporated (NASDAQ:WSTG) Reports Increase in Sellers; Strong Momentum for Short Players

The stock of Wayside Technology Group Incorporated (NASDAQ:WSTG) registered an increase of 17.24% in short interest. WSTG’s total short interest was 3,400 shares in November as published by FINRA. Its up 17.24% from 2,900 shares, reported previously. With 5,300 shares average volume, it will take short sellers 1 days to cover their WSTG’s short positions. The short interest to Wayside Technology Group Incorporated’s float is 0.09%. The stock last traded at $17.45 per share. It is up 3.13% since April 19, 2016 and is uptrending. It has underperformed by 0.73% the S&P500.

Wayside Technology Group, Inc. is an information technology channel company. The company has a market cap of $80.60 million. The Firm operates through two divisions: Lifeboat Distribution and TechXtend. It has a 14.33 P/E ratio. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers, consultants and systems integrators around the world.

Insitutional Activity: The institutional sentiment is 2 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 2 funds sold all Wayside Technology Group, Inc. shares owned while 5 reduced positions. only 1 funds bought stakes while 13 increased positions. They now own 1.56 million shares or 0.31% less from 1.56 million shares in 2016Q1.
Blackrock Investment Mgmt Limited Liability Corp holds 680 shares or 0% of its portfolio. The California-based Blackrock Institutional Trust Co Na has invested 0% in Wayside Technology Group, Inc. (NASDAQ:WSTG). Acadian Asset Limited Company last reported 0% of its portfolio in the stock. Peapack Gladstone Fin Corporation last reported 0% of its portfolio in the stock. James Investment Research Incorporated last reported 13,290 shares in the company. Morgan Stanley holds 400 shares or 0% of its portfolio. Dimensional Fund Advsr L P has invested 0% of its portfolio in Wayside Technology Group, Inc. (NASDAQ:WSTG). Moreover, Lsv Asset Management has 0% invested in Wayside Technology Group, Inc. (NASDAQ:WSTG) for 44,574 shares. Northern has 28,088 shares for 0% of their US portfolio. The New York-based Tower Limited Liability Com (Trc) has invested 0% in Wayside Technology Group, Inc. (NASDAQ:WSTG). Blackrock Fund has 773 shares for 0% of their US portfolio. Fincl Bank Of America Corp De accumulated 48,819 shares or 0% of the stock. Geode Cap Management Ltd Llc accumulated 0% or 15,956 shares. Archford Strategies Limited Company owns 1,600 shares or 0.02% of their US portfolio. Renaissance Technologies Llc holds 0.01% of its portfolio in Wayside Technology Group, Inc. (NASDAQ:WSTG) for 226,800 shares.

Insider Transactions: Since November 1, 2016, the stock had 0 insider purchases, and 4 selling transactions for $427,287 net activity. NYNENS SIMON F also sold $271,037 worth of Wayside Technology Group, Inc. (NASDAQ:WSTG) on Tuesday, November 1.

WSTG Company Profile

Wayside Technology Group, Inc., incorporated on September 30, 1982, is an information technology (IT) channel company. The Firm distributes software developed by others through resellers indirectly to clients around the world. The Firm operates through two divisions: Lifeboat Distribution and TechXtend. The Lifeboat Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators around the world. The TechXtend segment is a value-added reseller of software, hardware and services for firms, government organizations and academic institutions in the United States and Canada. The Company’s main Website address is www.waysidetechnology.com, and the other Websites maintained by the business include www.lifeboatdistribution.com and www.techxtend.com. The Firm also resells computer software and hardware developed by others and provides technical services directly to clients in the United States of and Canada. The Firm offers a line of products from publishers of software and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management and other technical domains, as well as computer hardware.

More news for Wayside Technology Group, Inc. (NASDAQ:WSTG) were recently published by: Nasdaq.com, which released: “Wayside Technology Group, Inc. (WSTG) Ex-Dividend Date Scheduled for November …” on November 03, 2016. Seekingalpha.com‘s article titled: “Wayside Technology Group’s (WSTG) CEO Simon Nynens on Q3 2016 Results …” and published on October 28, 2016 is yet another important article.

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By Marie Mckinney

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