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

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On WM Technology

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in shares of WM Technology by 101.2% during the 4th quarter. Renaissance Technologies LLC now owns 2,561,700 shares of the company’s stock worth $3,535,000 after acquiring an additional 1,288,497 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of WM Technology in the fourth quarter valued at $1,767,000. Tidal Investments LLC increased its position in WM Technology by 31.1% in the third quarter. Tidal Investments LLC now owns 3,516,406 shares of the company’s stock worth $3,059,000 after purchasing an additional 834,551 shares during the last quarter. Two Sigma Investments LP raised its stake in WM Technology by 436.1% during the fourth quarter. Two Sigma Investments LP now owns 615,959 shares of the company’s stock valued at $850,000 after purchasing an additional 501,058 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in WM Technology by 144.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 655,470 shares of the company’s stock valued at $905,000 after purchasing an additional 387,014 shares during the last quarter. 22.02% of the stock is currently owned by hedge funds and other institutional investors.

WM Technology Stock Performance

NASDAQ MAPS opened at $1.13 on Tuesday. The business’s fifty day moving average is $1.32 and its 200 day moving average is $1.19. WM Technology has a fifty-two week low of $0.70 and a fifty-two week high of $1.65. The company has a market capitalization of $174.41 million, a PE ratio of -37.65 and a beta of 0.93.

WM Technology (NASDAQ:MAPS) last issued its 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 business had revenue of $47.67 million for the quarter, compared to the consensus estimate of $46.00 million.

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.