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

WM Technology, Inc. (NASDAQ:MAPS) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 2,390,000 shares, a decrease of 18.4% from the February 28th total of 2,930,000 shares. Approximately 3.1% of the shares of the stock are sold short. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On WM Technology

Several institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp acquired a new position in shares of WM Technology during the 4th quarter valued at about $84,000. Squarepoint Ops LLC acquired a new position in WM Technology during the fourth quarter valued at approximately $93,000. Two Sigma Advisers LP raised its position in shares of WM Technology by 1,678.7% in the fourth quarter. Two Sigma Advisers LP now owns 250,800 shares of the company’s stock valued at $346,000 after purchasing an additional 236,700 shares during the period. Two Sigma Investments LP boosted its holdings in shares of WM Technology by 436.1% during the 4th quarter. Two Sigma Investments LP now owns 615,959 shares of the company’s stock worth $850,000 after buying an additional 501,058 shares during the period. Finally, Tidal Investments LLC grew its stake in WM Technology by 4.3% in the 4th quarter. Tidal Investments LLC now owns 3,666,334 shares of the company’s stock valued at $5,060,000 after buying an additional 149,928 shares during the last quarter. Institutional investors and hedge funds own 22.02% of the company’s stock.

WM Technology Stock Performance

NASDAQ:MAPS remained flat at $1.13 during trading hours on Wednesday. 617,511 shares of the company’s stock traded hands, compared to its average volume of 846,626. The firm has a market capitalization of $174.41 million, a price-to-earnings ratio of -37.65 and a beta of 0.93. WM Technology has a 52 week low of $0.70 and a 52 week high of $1.65. The business’s fifty day simple moving average is $1.31 and its 200 day simple moving average is $1.19.

WM Technology (NASDAQ:MAPS) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). WM Technology had a negative net margin of 1.02% and a negative return on equity of 1.68%. The firm had revenue of $47.67 million for the quarter, compared to analyst estimates of $46.00 million.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reaffirmed a “buy” rating and set a $2.61 target price on shares of WM Technology in a research report on Tuesday, March 11th.

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.