ContextLogic Inc. (NASDAQ:WISH) Short Interest Down 27.5% in February

ContextLogic Inc. (NASDAQ:WISHGet Free Report) saw a significant drop in short interest in February. As of February 29th, there was short interest totalling 2,220,000 shares, a drop of 27.5% from the February 14th total of 3,060,000 shares. Approximately 10.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,020,000 shares, the short-interest ratio is currently 2.2 days.

ContextLogic Price Performance

ContextLogic stock opened at $6.21 on Thursday. ContextLogic has a 1-year low of $3.55 and a 1-year high of $13.46. The stock has a market cap of $149.10 million, a PE ratio of -0.46 and a beta of 2.20. The stock’s fifty day moving average is $5.44 and its two-hundred day moving average is $5.08.

Institutional Trading of ContextLogic

A number of hedge funds and other institutional investors have recently made changes to their positions in WISH. UBS Group AG increased its position in shares of ContextLogic by 166.3% during the second quarter. UBS Group AG now owns 17,956 shares of the company’s stock worth $28,000 after purchasing an additional 11,212 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of ContextLogic by 76.9% during the first quarter. Principal Financial Group Inc. now owns 65,700 shares of the company’s stock worth $29,000 after purchasing an additional 28,558 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of ContextLogic during the first quarter worth about $30,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of ContextLogic during the first quarter worth about $34,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of ContextLogic during the second quarter worth about $44,000. Institutional investors and hedge funds own 39.55% of the company’s stock.

About ContextLogic

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ContextLogic Inc operates as a mobile ecommerce company in Europe, North America, South America, and internationally. The company operates Wish, an ecommerce platform that connects users to merchants. It also provides marketplace and logistics services to merchants. The company was incorporated in 2010 and is headquartered in San Francisco, California.

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