Short Interest in Wayside Technology Group, Inc. (NASDAQ:WSTG) Rises By 292.7%

Wayside Technology Group, Inc. (NASDAQ:WSTG) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 16,100 shares, a growth of 292.7% from the July 31st total of 4,100 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 6,200 shares, the days-to-cover ratio is presently 2.6 days.

WSTG stock traded up $0.51 during mid-day trading on Wednesday, hitting $14.94. 29,646 shares of the company were exchanged, compared to its average volume of 6,144. The company has a market capitalization of $67.33 million, a PE ratio of 10.13 and a beta of 0.39. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.06. Wayside Technology Group has a twelve month low of $9.60 and a twelve month high of $14.97. The firm has a fifty day simple moving average of $12.96 and a 200 day simple moving average of $11.95.

Wayside Technology Group (NASDAQ:WSTG) last released its earnings results on Wednesday, August 7th. The company reported $0.43 earnings per share for the quarter. The company had revenue of $50.68 million during the quarter. Wayside Technology Group had a net margin of 3.31% and a return on equity of 15.68%.

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 19th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.68 annualized dividend and a dividend yield of 4.55%.

Separately, TheStreet raised shares of Wayside Technology Group from a “c” rating to a “b-” rating in a report on Friday, August 30th.

Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in Wayside Technology Group by 5.0% in the second quarter. Renaissance Technologies LLC now owns 273,613 shares of the company’s stock valued at $3,089,000 after buying an additional 12,913 shares during the last quarter. Seizert Capital Partners LLC raised its stake in Wayside Technology Group by 43.3% during the second quarter. Seizert Capital Partners LLC now owns 29,866 shares of the company’s stock valued at $337,000 after buying an additional 9,029 shares in the last quarter. Finally, FMR LLC lifted its holdings in Wayside Technology Group by 0.5% during the 1st quarter. FMR LLC now owns 634,306 shares of the company’s stock worth $7,073,000 after buying an additional 3,208 shares during the last quarter. Institutional investors and hedge funds own 40.99% of the company’s stock.

Wayside Technology Group Company Profile

Wayside Technology Group, Inc operates as an information technology channel company worldwide. It operates in two segments, Lifeboat Distribution and TechXtend. The company distributes technical software and hardware to corporate and value added resellers, consultants, and systems integrators; and software, hardware, and services for corporations, government organizations, and academic institutions.

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