WaveDancer, Inc. (NASDAQ:WAVD) Short Interest Update

WaveDancer, Inc. (NASDAQ:WAVD) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 25,400 shares, a drop of 36.3% from the May 31st total of 39,900 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average trading volume of 35,800 shares, the short-interest ratio is presently 0.7 days.

WaveDancer Price Performance

Shares of NASDAQ WAVD opened at $2.25 on Friday. WaveDancer has a 1-year low of $1.10 and a 1-year high of $9.00. The business’s 50 day moving average is $2.44 and its two-hundred day moving average is $2.27.

WaveDancer (NASDAQ:WAVD) last released its earnings results on Tuesday, May 14th. The company reported ($0.33) earnings per share for the quarter. The company had revenue of $1.92 million for the quarter. WaveDancer had a negative net margin of 17.55% and a negative return on equity of 57.30%.

Hedge Funds Weigh In On WaveDancer

An institutional investor recently bought a new position in WaveDancer stock. Trueblood Wealth Management LLC purchased a new position in WaveDancer, Inc. (NASDAQ:WAVD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,000 shares of the company’s stock, valued at approximately $27,000. Trueblood Wealth Management LLC owned 0.80% of WaveDancer as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 4.96% of the company’s stock.

WaveDancer Company Profile

WaveDancer, Inc develops and maintains information technology systems in the United States. The company also modernizes client information systems; and offers other IT-related professional services to government and commercial organizations. In addition, it offers IT consulting, development, training, migration, and on-site project support; and software development, system modernizations, cloud services, and cybersecurity services.