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MarketWise, Inc. (NASDAQ:MKTW) Short Interest Down 15.2% in October

MarketWise logo with Financial Services background

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 317,200 shares, a decline of 15.2% from the September 30th total of 374,200 shares. Based on an average trading volume of 438,900 shares, the short-interest ratio is presently 0.7 days. Currently, 1.2% of the company's shares are short sold.

MarketWise Stock Performance

Shares of NASDAQ MKTW traded up $0.04 during trading on Monday, hitting $0.62. 348,381 shares of the company were exchanged, compared to its average volume of 234,790. MarketWise has a 12-month low of $0.53 and a 12-month high of $3.62. The company has a fifty day moving average price of $0.69 and a 200-day moving average price of $1.08. The firm has a market capitalization of $205.00 million, a PE ratio of 15.55 and a beta of 0.44.

MarketWise (NASDAQ:MKTW - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The newsletter publisher reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). The company had revenue of $105.05 million for the quarter. MarketWise had a negative return on equity of 1.30% and a net margin of 0.80%.

MarketWise Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Thursday, August 15th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.04 annualized dividend and a yield of 6.43%. MarketWise's dividend payout ratio (DPR) is currently 100.00%.

Institutional Trading of MarketWise

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Williams & Novak LLC raised its holdings in MarketWise by 95.4% in the 3rd quarter. Williams & Novak LLC now owns 152,300 shares of the newsletter publisher's stock valued at $102,000 after buying an additional 74,360 shares during the period. Squarepoint Ops LLC increased its stake in MarketWise by 953.6% during the second quarter. Squarepoint Ops LLC now owns 125,174 shares of the newsletter publisher's stock worth $145,000 after purchasing an additional 113,293 shares during the period. Renaissance Technologies LLC increased its stake in MarketWise by 11.9% during the second quarter. Renaissance Technologies LLC now owns 555,400 shares of the newsletter publisher's stock worth $644,000 after purchasing an additional 59,079 shares during the period. MTM Investment Management LLC increased its stake in MarketWise by 414.3% during the second quarter. MTM Investment Management LLC now owns 128,570 shares of the newsletter publisher's stock worth $149,000 after purchasing an additional 103,570 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in MarketWise by 6.6% during the second quarter. Bank of New York Mellon Corp now owns 178,261 shares of the newsletter publisher's stock worth $207,000 after purchasing an additional 11,085 shares during the period. 23.04% of the stock is currently owned by hedge funds and other institutional investors.

MarketWise Company Profile

(Get Free Report)

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.

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