WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,860,000 shares, a decrease of 24.7% from the October 15th total of 2,470,000 shares. Currently, 2.4% of the company's shares are short sold. Based on an average trading volume of 476,900 shares, the days-to-cover ratio is presently 3.9 days.
Wall Street Analyst Weigh In
Separately, Westpark Capital restated a "buy" rating and set a $2.61 target price on shares of WM Technology in a report on Wednesday.
Read Our Latest Report on MAPS
Hedge Funds Weigh In On WM Technology
Several institutional investors have recently made changes to their positions in MAPS. SG Americas Securities LLC bought a new position in WM Technology in the 3rd quarter worth about $25,000. Virtu Financial LLC bought a new stake in shares of WM Technology during the 1st quarter worth $28,000. Quadrature Capital Ltd acquired a new position in shares of WM Technology in the 1st quarter valued at $53,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of WM Technology in the third quarter worth approximately $75,000. Finally, Clear Harbor Asset Management LLC purchased a new position in WM Technology during the 2nd quarter worth approximately $79,000. 22.02% of the stock is owned by institutional investors.
WM Technology Stock Down 0.8 %
Shares of NASDAQ:MAPS traded down $0.01 on Friday, reaching $0.99. 2,028,767 shares of the company's stock were exchanged, compared to its average volume of 614,644. The business's 50-day moving average is $0.88 and its two-hundred day moving average is $0.98. WM Technology has a fifty-two week low of $0.70 and a fifty-two week high of $1.47. The firm has a market capitalization of $151.17 million, a price-to-earnings ratio of -33.06 and a beta of 0.77.
About WM Technology
(
Get Free Report)
WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and education and learning information to help newer consumers learn about the types of products to purchase.
Featured Articles
Before you consider WM Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WM Technology wasn't on the list.
While WM Technology currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
