WM Technology, Inc. (NASDAQ:MAPS) Short Interest Update

WM Technology, Inc. (NASDAQ:MAPS) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,860,000 shares, a decrease of 24.7% from the October 15th total of 2,470,000 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily volume of 476,900 shares, the short-interest ratio is presently 3.9 days.

WM Technology Stock Up 0.0 %

WM Technology stock traded up $0.00 during midday trading on Friday, hitting $1.00. 1,417,736 shares of the stock were exchanged, compared to its average volume of 611,887. WM Technology has a 52-week low of $0.70 and a 52-week high of $1.47. The business’s 50-day moving average price is $0.87 and its 200-day moving average price is $0.98.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of WM Technology during the 1st quarter valued at about $4,685,000. AdvisorShares Investments LLC purchased a new stake in shares of WM Technology in the second quarter worth $224,000. Luxor Capital Group LP raised its holdings in WM Technology by 754.6% during the second quarter. Luxor Capital Group LP now owns 214,242 shares of the company’s stock valued at $223,000 after acquiring an additional 189,174 shares during the period. Bank of New York Mellon Corp bought a new position in WM Technology in the 2nd quarter worth approximately $196,000. Finally, Rhumbline Advisers bought a new stake in WM Technology in the 2nd quarter valued at $106,000. 22.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Westpark Capital reiterated a “buy” rating and issued a $2.61 price objective on shares of WM Technology in a research report on Wednesday.

About WM Technology

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.