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

MarketWise, Inc. (NASDAQ:MKTW) experienced a notable decline in short interest during the month of October. As of October 15th, the short interest stood at 317,200 shares, which marked a 15.2% decrease when compared to the 374,200 shares reported on September 30th. This indicates that approximately 1.2% of the company's total shares are currently sold short. Considering the average daily trading volume of 438,900 shares, the current short-interest ratio is 0.7 days.

Institutional Trading of MarketWise

Many hedge funds have made changes to their holdings in MarketWise. For instance, Renaissance Technologies LLC boosted its shares by 11.9% during the second quarter and now holds 555,400 shares valued at $644,000, thanks to an additional 59,079 shares acquired last quarter. Similarly, Bank of New York Mellon Corp increased its stake by 6.6%, reaching 178,261 shares worth $207,000 after purchasing 11,085 additional shares. Another significant move came from Williams & Novak LLC, which raised its position by a staggering 95.4% in the third quarter, now possessing 152,300 shares valued at $102,000 due to the purchase of 74,360 extra shares. MTM Investment Management LLC reported a remarkable 414.3% increase in its holdings during the second quarter, owning 128,570 shares valued at $149,000 after acquiring 103,570 shares. Squarepoint Ops LLC also dramatically increased its holdings by 953.6% in the same quarter, now owning 125,174 shares worth $145,000 after acquiring 113,293 additional shares. Overall, institutional investors and hedge funds currently own 23.04% of MarketWise's stock.

MarketWise Stock Movement

On Monday, NASDAQ:MKTW experienced a slight increase, trading up $0.00 to reach $0.58. During the trading session, 66,754 shares changed hands, compared to its average volume of 233,435 shares. The stock currently holds a 50-day moving average of $0.69 and a two-hundred day moving average of $1.09. Over the past year, MarketWise hit a low of $0.53 and a high of $3.62. The company's market capitalization is approximately $191.92 million, with a price-to-earnings ratio of 14.44 and a beta of 0.44.

MarketWise recently announced its quarterly earnings results on Thursday, August 15th, revealing an earnings per share (EPS) of $0.04 for the quarter. This was below analysts' expectations, which were set at $0.12, indicating a miss of ($0.08). The company reported a negative return on equity of 1.30% alongside a net margin of 0.80%, with total revenue for the quarter amounting to $105.05 million.

MarketWise Dividend Announcement

MarketWise has also declared a quarterly dividend that was distributed on September 25th. Shareholders on record as of August 15th received a dividend of $0.01, translating to an annualized dividend of $0.04 and a yield of 6.87%. The ex-dividend date for this payment was also August 15th. Currently, the payout ratio for MarketWise stands at 100.00%.

About MarketWise

MarketWise, Inc. operates a multi-brand platform that provides content and technology for self-directed investors both in the United States and internationally. The platform includes subscription services that offer financial research, software, education, and tools for navigating financial markets. MarketWise provides various investment strategies covering areas such as value investing, income generation, growth investing, and more, delivering investment research products through multiple media formats including desktops, laptops, tablets, and mobile devices.

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