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

MarketWise, Inc. (NASDAQ:MKTW) experienced a notable reduction in short interest during October. As of October 15th, the total short interest was 317,200 shares, reflecting a decrease of 15.2% from the 374,200 shares reported on September 30th. This suggests that approximately 1.2% of the company's outstanding shares are held short. With an average daily volume of 438,900 shares, the current short-interest ratio stands at 0.7 days.

Institutional Trading of MarketWise

Several institutional investors have recently adjusted their positions in MarketWise. Renaissance Technologies LLC boosted its stake by 11.9% in the second quarter, bringing its total ownership to 555,400 shares valued at $644,000 following the acquisition of an additional 59,079 shares. Meanwhile, Bank of New York Mellon Corp raised its holdings by 6.6%, now owning 178,261 shares valued at $207,000 after purchasing an extra 11,085 shares. In a more significant increase, Williams & Novak LLC upped its stake by 95.4% in the third quarter, resulting in a total of 152,300 shares valued at $102,000, having acquired 74,360 shares. Additionally, MTM Investment Management LLC raised its holdings by 414.3%, now owning 128,570 shares worth $149,000 after purchasing an additional 103,570 shares. Squarepoint Ops LLC reported an impressive 953.6% increase in its holdings during the same period, owning 125,174 shares valued at $145,000 after acquiring 113,293 shares. Collectively, institutional investors and hedge funds currently hold about 23.04% of the stock.

MarketWise Stock Performance

On Monday, MarketWise (NASDAQ:MKTW) saw minor activity, trading up slightly by $0.00, reaching a price of $0.58. A total of 66,754 shares exchanged hands, compared to an average volume of 233,435. The stock has a 50-day moving average of $0.69 and a two-hundred day moving average of $1.09. Over the past year, the stock has reached a low of $0.53 and a high of $3.62, and the company currently boasts a market capitalization of $191.92 million, a price-to-earnings ratio of 14.44, and a beta of 0.44.

Earnings Results and Dividend Announcement

MarketWise last released its earnings report on August 15th, revealing a quarterly earning of $0.04 per share, which missed the analysts' consensus estimate of $0.12 by $0.08. The company reported a negative return on equity of 1.30% and a net margin of 0.80% on revenues totaling $105.05 million for the quarter. Furthermore, MarketWise recently declared a quarterly dividend that was paid on September 25th. Shareholders on record as of August 15th received a dividend of $0.01, summing to an annualized dividend of $0.04 and a yield of 6.87%. The ex-dividend date for this distribution was also August 15th, with the company currently reporting a payout ratio of 100.00%.

About MarketWise

MarketWise, Inc. operates a multi-brand platform focused on content and technology aimed at self-directed investors in the U.S. and internationally. Its service offerings include subscription-based financial research, software, educational tools, and resources for navigating financial markets. The company provides various investment strategies, encompassing value investing, income, growth, commodities, cryptocurrencies, venture capital, crowdfunding, biotechnology, mutual funds, options, and trading components, along with investment research products distributed through various media formats.

MarketWise, Stocks, ShortInterest