Short Interest in WaveDancer, Inc. (NASDAQ:WAVD) Drops By 36.3%

WaveDancer, Inc. (NASDAQ:WAVD) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 25,400 shares, a decline of 36.3% from the May 31st total of 39,900 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 35,800 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On WaveDancer

An institutional investor recently bought a new position in WaveDancer stock. Trueblood Wealth Management LLC purchased a new position in shares of WaveDancer, Inc. (NASDAQ:WAVD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,000 shares of the company’s stock, valued at approximately $27,000. Trueblood Wealth Management LLC owned approximately 0.80% of WaveDancer at the end of the most recent reporting period. 4.96% of the stock is currently owned by institutional investors and hedge funds.

WaveDancer Stock Performance

Shares of WAVD opened at $2.07 on Friday. The company has a 50-day moving average of $2.44 and a two-hundred day moving average of $2.28. WaveDancer has a 12-month low of $1.10 and a 12-month high of $9.00.

WaveDancer (NASDAQ:WAVD) last announced its earnings results on Tuesday, May 14th. The company reported ($0.33) earnings per share (EPS) for the quarter. The business had revenue of $1.92 million for the quarter. WaveDancer had a negative return on equity of 57.30% and a negative net margin of 17.55%.

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.