MarketWise, Inc. (NASDAQ:MKTW) Short Interest Down 90.4% in March

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 137,700 shares, a decrease of 90.4% from the March 15th total of 1,430,000 shares. Approximately 8.7% of the shares of the stock are sold short. Based on an average daily volume of 33,900 shares, the short-interest ratio is presently 4.1 days.

MarketWise Stock Down 2.0 %

NASDAQ MKTW traded down $0.27 on Friday, reaching $13.31. 18,148 shares of the stock traded hands, compared to its average volume of 22,968. MarketWise has a 12 month low of $9.08 and a 12 month high of $34.60. The firm's fifty day simple moving average is $11.98 and its 200 day simple moving average is $11.52. The company has a market cap of $215.95 million, a price-to-earnings ratio of 110.93 and a beta of 0.42.

MarketWise (NASDAQ:MKTW - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The newsletter publisher reported $1.00 EPS for the quarter, topping the consensus estimate of $0.60 by $0.40. MarketWise had a net margin of 1.20% and a negative return on equity of 1.89%. The firm had revenue of $97.48 million for the quarter, compared to analysts' expectations of $77.36 million.

MarketWise Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.01%. This is a boost from MarketWise's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, March 18th. MarketWise's dividend payout ratio (DPR) is presently 23.53%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Eschler Asset Management LLP bought a new stake in shares of MarketWise during the 4th quarter worth $63,000. BNP Paribas Financial Markets acquired a new position in shares of MarketWise in the 4th quarter valued at $31,000. Jane Street Group LLC increased its stake in MarketWise by 257.9% in the 4th quarter. Jane Street Group LLC now owns 85,005 shares of the newsletter publisher's stock worth $48,000 after purchasing an additional 61,254 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in MarketWise during the 4th quarter worth about $27,000. Finally, XTX Topco Ltd acquired a new stake in MarketWise during the 4th quarter worth about $25,000. Institutional investors own 23.04% of the company's stock.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.