Short Interest in WaveDancer, Inc. (NASDAQ:WAVD) Declines By 40.1%

WaveDancer, Inc. (NASDAQ:WAVD) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 15,100 shares, a decrease of 40.1% from the April 15th total of 25,200 shares. Based on an average trading volume of 193,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Trading of WaveDancer

An institutional investor recently bought a new position in WaveDancer stock. Trueblood Wealth Management LLC acquired a new stake in WaveDancer, Inc. (NASDAQ:WAVD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 & Exchange Commission. Institutional investors own 4.96% of the company’s stock.

WaveDancer Trading Up 1.4 %

NASDAQ:WAVD opened at $2.98 on Friday. The firm has a fifty day simple moving average of $2.67 and a two-hundred day simple moving average of $2.18. WaveDancer has a 12 month low of $1.10 and a 12 month high of $9.00. The stock has a market capitalization of $5.99 million, a price-to-earnings ratio of -0.52 and a beta of 3.01.

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.