WM Technology, Inc. (NASDAQ:MAPS) Sees Large Decrease in Short Interest

WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,300,000 shares, a decrease of 22.2% from the March 15th total of 1,670,000 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 540,500 shares, the short-interest ratio is presently 2.4 days.

WM Technology Stock Down 5.5 %

Shares of NASDAQ:MAPS traded down $0.07 during trading on Friday, reaching $1.20. 287,718 shares of the company's stock traded hands, compared to its average volume of 703,637. The firm has a market cap of $179.24 million, a PE ratio of -0.98 and a beta of 0.82. WM Technology has a fifty-two week low of $0.60 and a fifty-two week high of $1.88. The company has a 50-day simple moving average of $1.04 and a 200-day simple moving average of $0.99.

Institutional Trading of WM Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley lifted its stake in WM Technology by 70.6% in the 4th quarter. Morgan Stanley now owns 3,850,781 shares of the company's stock valued at $3,889,000 after buying an additional 1,593,491 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of WM Technology by 40.7% in the first quarter. Vanguard Group Inc. now owns 4,687,365 shares of the company's stock valued at $36,655,000 after acquiring an additional 1,356,144 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of WM Technology by 364.7% in the fourth quarter. AQR Capital Management LLC now owns 1,371,106 shares of the company's stock worth $1,385,000 after acquiring an additional 1,076,041 shares during the last quarter. State Street Corp increased its position in shares of WM Technology by 298.2% during the second quarter. State Street Corp now owns 1,124,783 shares of the company's stock worth $3,701,000 after purchasing an additional 842,321 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in WM Technology by 40.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,951,653 shares of the company's stock valued at $15,262,000 after purchasing an additional 562,140 shares during the last quarter. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

WM Technology Company Profile

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.