WidePoint Co. (NYSE:WYY) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 1,897,869 shares, a growth of 10.4% from the December 31st total of 1,719,082 shares, Marketbeat reports. Currently, 2.5% of the shares of the company are short sold. Based on an average trading volume of 189,391 shares, the days-to-cover ratio is currently 10.0 days.

Shares of WidePoint (NYSE:WYY) opened at 0.5825 on Friday. The stock has a 50 day moving average price of $0.66 and a 200 day moving average price of $1.04. WidePoint has a 12-month low of $0.50 and a 12-month high of $2.30. The firm’s market capitalization is $48.07 million.

WidePoint (NYSE:WYY) last released its quarterly earnings results on Monday, November 9th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. The company earned $17 million during the quarter, compared to analyst estimates of $19.50 million. Analysts predict that WidePoint will post ($0.07) EPS for the current fiscal year.

Several research firms have recently commented on WYY. Zacks Investment Research cut WidePoint from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th. B. Riley reissued a “buy” rating and issued a $1.50 price target on shares of WidePoint in a report on Saturday, November 14th. Craig Hallum cut WidePoint from a “buy” rating to a “hold” rating in a report on Tuesday, November 10th. Finally, TheStreet cut WidePoint from a “hold” rating to a “sell” rating in a report on Wednesday, November 11th.

WidePoint Corporation (NYSE:WYY) is a provider of Information Technology (IT) based products, services, and solutions. The Company offers secure, cloud-based, enterprise-wide information technology-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements. WidePoint sells its solutions worldwide primarily through its direct sales force and through indirect distribution channel partners. The Company’s Managed Mobility Solutions (MMS) offers a portfolio of information technology based services. It offers a complementary set of streamlined mobile communications solutions using its cloud-based portal to enable its clients to actively manage their telecommunications assets and expenses.

12 Month Chart for NYSE:WYY

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