WM Technology, Inc. (NASDAQ:MAPS - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 786,900 shares, a decline of 39.5% from the March 31st total of 1,300,000 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 534,500 shares, the short-interest ratio is currently 1.5 days.
Institutional Trading of WM Technology
Institutional investors have recently added to or reduced their stakes in the stock. AXS Investments LLC lifted its holdings in shares of WM Technology by 31.2% in the fourth quarter. AXS Investments LLC now owns 813,922 shares of the company's stock valued at $586,000 after purchasing an additional 193,344 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of WM Technology in the third quarter valued at about $190,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of WM Technology in the third quarter valued at about $78,000. Hedge funds and other institutional investors own 22.02% of the company's stock.
WM Technology Stock Performance
MAPS stock traded down $0.02 during trading on Friday, reaching $1.06. 301,188 shares of the company were exchanged, compared to its average volume of 458,533. The company has a market cap of $158.33 million, a P/E ratio of -0.86 and a beta of 0.82. WM Technology has a 52-week low of $0.63 and a 52-week high of $1.88. The stock's 50 day moving average price is $1.07 and its 200 day moving average price is $0.98.
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.
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