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

MarketWise, Inc. (NASDAQ:MKTW) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 317,200 shares, a decrease of 15.2% from the September 30th total of 374,200 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 438,900 shares, the days-to-cover ratio is presently 0.7 days.

MarketWise Trading Up 0.8 %

NASDAQ:MKTW traded up $0.00 during trading hours on Monday, hitting $0.58. The company’s stock had a trading volume of 66,754 shares, compared to its average volume of 233,435. The stock has a fifty day moving average of $0.69 and a 200-day moving average of $1.09. The stock has a market capitalization of $191.92 million, a P/E ratio of 14.44 and a beta of 0.44. MarketWise has a 52-week low of $0.53 and a 52-week high of $3.62.

MarketWise (NASDAQ:MKTW) last issued its quarterly earnings data on Thursday, August 15th. The newsletter publisher reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). The firm had revenue of $105.05 million for the quarter. MarketWise had a negative return on equity of 1.30% and a net margin of 0.80%.

MarketWise Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 6.87%. The ex-dividend date was Thursday, August 15th. MarketWise’s payout ratio is 100.00%.

Hedge Funds Weigh In On MarketWise

Hedge funds have recently made changes to their positions in the company. Fiducient Advisors LLC purchased a new position in shares of MarketWise during the first quarter worth about $86,000. Williams & Novak LLC acquired a new stake in shares of MarketWise during the 2nd quarter valued at approximately $90,000. Dynamic Advisor Solutions LLC purchased a new position in shares of MarketWise during the 2nd quarter worth approximately $90,000. Bank of New York Mellon Corp increased its stake in shares of MarketWise by 6.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 178,261 shares of the newsletter publisher’s stock worth $207,000 after purchasing an additional 11,085 shares in the last quarter. Finally, MTM Investment Management LLC increased its stake in shares of MarketWise by 414.3% during the 2nd quarter. MTM Investment Management LLC now owns 128,570 shares of the newsletter publisher’s stock worth $149,000 after purchasing an additional 103,570 shares in the last quarter. Hedge funds and other institutional investors own 23.04% of the company’s stock.

About MarketWise

MarketWise, Inc operates a content and technology multi-brand platform for self-directed investors in the United States and Internationally. Its platform includes subscription businesses that provides financial research, software, education, and tools to navigate the financial markets. The company offers various investment strategies, such as value investing, income, growth, commodities, cryptocurrencies, venture, crowdfunded investing, biotechnology, mutual funds, options, and trading; investment research product portfolio through a range of media, including desktops, laptops, tablets, and mobile; and financial newsletters.