Rand Worldwide Inc. (OTCMKTS:RWWI) Sees Significant Drop in Short Interest

Key Points

• Rand Worldwide Inc. (OTCMKTS:RWWI) experienced an 80.0% decrease in short interest during September, falling from 500 shares to just 100 shares.
• The company reported $0.48 earnings per share and $55.62 million in revenue for the quarter ending September 24th.
• Rand Worldwide announced a dividend of $0.25 per share, resulting in an impressive dividend yield of 333.0%.

Rand Worldwide Inc. (OTCMKTS:RWWI - Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 100 shares, a decrease of 80.0% from the August 31st total of 500 shares. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is currently 0.0 days.

Rand Worldwide Trading Down 4.8%

Shares of RWWI stock opened at $15.00 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $504.15 million, a price-to-earnings ratio of 11.28 and a beta of 0.02. The stock has a 50 day simple moving average of $14.83 and a 200-day simple moving average of $14.99. Rand Worldwide has a 1-year low of $13.75 and a 1-year high of $23.10.

Rand Worldwide (OTCMKTS:RWWI - Get Free Report) last announced its earnings results on Wednesday, September 24th. The technology company reported $0.48 earnings per share for the quarter. The business had revenue of $55.62 million during the quarter. Rand Worldwide had a return on equity of 106.88% and a net margin of 18.60%.

Rand Worldwide Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 8th were paid a dividend of $0.25 per share. This represents a dividend yield of 333.0%. The ex-dividend date of this dividend was Thursday, August 7th.

About Rand Worldwide

Rand Worldwide, Inc provides design automation and data management solutions primarily in the United States and Canada. It operates in five divisions: IMAGINiT Technologies, Rand Simulation, Facilities Management, ASCENT, and Rand 3D. The IMAGINiT Technologies division resells Autodesk solutions and system integration, and consulting services to customers in the manufacturing, infrastructure, building, and media and entertainment industries; resells Twinmotion visualization software, which provides design professionals to transform architectural models and designs into photorealistic images and immersive videos; offers a range of 3D laser scanning equipment and related software to help architectural, engineering, and construction firms; and sells its own proprietary software products and related services.

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