Rand Worldwide Inc. (OTCMKTS:RWWI) Short Interest Down 80.0% in August

Key Points

• Short interest in Rand Worldwide Inc. declined by 80.0% in August, reducing from 500 shares to just 100 shares.
• The company's stock price dropped by 5.1%, with current trading at $14.28 and a market cap of $479.95 million.
• Rand Worldwide declared a dividend of $0.25 per share, resulting in an impressive yield of 333.0%.

Rand Worldwide Inc. (OTCMKTS:RWWI - Get Free Report) was the target of a large decline in short interest in August. As of August 15th, there was short interest totaling 100 shares, adeclineof80.0% from the July 31st total of 500 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is currently 0.0 days.

Rand Worldwide Stock Performance

RWWI remained flat at $14.28 during mid-day trading on Friday. 22 shares of the company's stock were exchanged, compared to its average volume of 4,458. 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 stock has a market capitalization of $479.94 million, a PE ratio of 10.74 and a beta of 0.02. The business has a 50-day moving average of $14.85 and a 200 day moving average of $15.17. Rand Worldwide has a 1 year low of $13.75 and a 1 year high of $23.10.

Rand Worldwide Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, August 14th. Shareholders of record on Friday, August 8th were issued a dividend of $0.25 per share. This represents a yield of 333.0%. The ex-dividend date of this dividend was Thursday, August 7th. Rand Worldwide's payout ratio is currently 18.80%.

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.