MarketWise, Inc. (NASDAQ:MKTW) Short Interest Update

MarketWise, Inc. (NASDAQ:MKTW - Get Free Report) experienced a notable decrease in short interest during October. As of October 15th, the total short interest amounted to 317,200 shares, which is a reduction of 15.2% from the previous total of 374,200 shares reported on September 30th. About 1.2% of the company's shares are currently sold short. With an average daily trading volume of 438,900 shares, the short-interest ratio now stands at 0.7 days.

Institutional Trading of MarketWise

Recent adjustments in holdings by several hedge funds indicate growing interest in MarketWise. Renaissance Technologies LLC raised its stake in the company by 11.9% during the second quarter, acquiring an additional 59,079 shares for a total of 555,400 shares valued at $644,000. Likewise, Bank of New York Mellon Corp increased its holdings by 6.6%, now owning 178,261 shares worth $207,000 after adding 11,085 shares. In the third quarter, Williams & Novak LLC significantly boosted its position by 95.4%, bringing its total to 152,300 shares valued at $102,000 after purchasing 74,360 shares. Furthermore, MTM Investment Management LLC made a remarkable 414.3% increase in its stake, now holding 128,570 shares valued at $149,000 after acquiring an additional 103,570 shares. Squarepoint Ops LLC also elevated its ownership by an astounding 953.6%, now owning 125,174 shares valued at $145,000 after buying 113,293 shares. Presently, institutional investors and hedge funds own 23.04% of MarketWise's stock.

MarketWise Stock Performance

On Monday, during trading hours, NASDAQ:MKTW saw an increase of 0.8%, reaching a price of $0.58. A total of 66,754 shares traded hands, compared to the average volume of 233,435 shares. The company's 50-day moving average is $0.69, while the 200-day moving average stands at $1.09. MarketWise's shares have fluctuated between a twelve-month low of $0.53 and a high of $3.62. The market capitalization of MarketWise is approximately $191.92 million, with a price-to-earnings ratio of 14.44 and a beta value of 0.44.

MarketWise (NASDAQ:MKTW - Get Free Report) last announced its quarterly earnings results on August 15th. In this quarter, the newsletter publisher reported earnings per share (EPS) of $0.04, falling short of analysts' expectations of $0.12 by $0.08. The company recorded a negative return on equity of 1.30% and a net margin of 0.80%, with reported revenue of $105.05 million.

MarketWise Dividend Announcement

Recently, MarketWise declared a quarterly dividend distributed on September 25th. Shareholders who were on record as of August 15th received a dividend of $0.01, representing a $0.04 annualized dividend and a yield of 6.87%. The ex-dividend date for this distribution was also August 15th, and the current payout ratio stands at 100.00%.

About MarketWise

MarketWise, Inc. operates a content and technology multi-brand platform aimed at self-directed investors within the U.S. and internationally. The company’s platform offers subscription services providing financial research, software, education, and tools to assist investors in navigating financial markets. MarketWise features a variety of investment strategies, including value investing, income, growth, commodities, cryptocurrencies, and more, delivering research products through multiple media formats such as desktop computers, tablets, and mobile devices.

MarketWise, Stocks, Investing