WM Technology, Inc. (NASDAQ:MAPS) Sees Large Growth in Short Interest

WM Technology, Inc. (NASDAQ:MAPS) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 2,120,000 shares, a growth of 196.8% from the June 30th total of 714,200 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average trading volume of 791,100 shares, the short-interest ratio is presently 2.7 days.

Insider Buying and Selling at WM Technology

In other WM Technology news, CTO Duncan Grazier sold 35,272 shares of WM Technology stock in a transaction on Friday, June 7th. The stock was sold at an average price of $0.98, for a total value of $34,566.56. Following the completion of the transaction, the chief technology officer now directly owns 694,654 shares of the company’s stock, valued at approximately $680,760.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Olga Gonzalez sold 90,396 shares of WM Technology stock in a transaction on Monday, June 24th. The stock was sold at an average price of $1.01, for a total value of $91,299.96. Following the transaction, the director now owns 495,191 shares in the company, valued at approximately $500,142.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Duncan Grazier sold 35,272 shares of WM Technology stock in a transaction on Friday, June 7th. The shares were sold at an average price of $0.98, for a total value of $34,566.56. Following the completion of the transaction, the chief technology officer now owns 694,654 shares in the company, valued at approximately $680,760.92. The disclosure for this sale can be found here. Insiders sold 200,557 shares of company stock valued at $199,783 in the last three months. Corporate insiders own 23.23% of the company’s stock.

Institutional Investors Weigh In On WM Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of MAPS. Tidal Investments LLC bought a new stake in WM Technology during the 1st quarter worth $4,685,000. Mirae Asset Global Investments Co. Ltd. grew its position in WM Technology by 36.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,518,695 shares of the company’s stock worth $3,350,000 after acquiring an additional 671,253 shares during the last quarter. AXS Investments LLC grew its position in WM Technology by 31.2% during the 4th quarter. AXS Investments LLC now owns 813,922 shares of the company’s stock worth $586,000 after acquiring an additional 193,344 shares during the last quarter. Citigroup Inc. bought a new stake in WM Technology during the 3rd quarter worth $190,000. Finally, Clear Harbor Asset Management LLC bought a new stake in WM Technology during the 2nd quarter worth $79,000. Institutional investors own 22.02% of the company’s stock.

WM Technology Trading Up 2.6 %

Shares of MAPS traded up $0.02 during midday trading on Thursday, hitting $1.00. The company’s stock had a trading volume of 253,358 shares, compared to its average volume of 639,175. WM Technology has a one year low of $0.70 and a one year high of $1.88. The company’s fifty day simple moving average is $1.01 and its two-hundred day simple moving average is $1.02.

WM Technology (NASDAQ:MAPS) last issued its quarterly earnings results on Friday, May 24th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $44.39 million for the quarter. WM Technology had a negative return on equity of 12.58% and a negative net margin of 3.32%. Equities analysts anticipate that WM Technology will post -0.03 EPS for the current fiscal year.

WM Technology Company Profile

WM Technology, Inc provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and education and learning information to help newer consumers learn about the types of products to purchase.