WM Technology, Inc. (NASDAQ:MAPS) Short Interest Down 24.7% in October

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

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reaffirmed a “buy” rating and issued a $2.61 price target on shares of WM Technology in a research note on Wednesday.

Hedge Funds Weigh In On WM Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. acquired a new position in shares of WM Technology in the 3rd quarter valued at $75,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of WM Technology by 16.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 427,819 shares of the company’s stock worth $372,000 after purchasing an additional 61,265 shares during the period. SG Americas Securities LLC acquired a new position in WM Technology in the third quarter valued at approximately $25,000. Luxor Capital Group LP boosted its position in WM Technology by 754.6% during the 2nd quarter. Luxor Capital Group LP now owns 214,242 shares of the company’s stock valued at $223,000 after purchasing an additional 189,174 shares during the period. Finally, AdvisorShares Investments LLC bought a new position in shares of WM Technology during the second quarter worth about $224,000. 22.02% of the stock is owned by institutional investors and hedge funds.

WM Technology Stock Up 0.0 %

WM Technology stock traded up $0.00 during midday trading on Friday, reaching $1.00. The company’s stock had a trading volume of 1,417,736 shares, compared to its average volume of 611,887. The business has a 50-day simple moving average of $0.87 and a 200-day simple moving average of $0.98. WM Technology has a fifty-two week low of $0.70 and a fifty-two week high of $1.47.

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.