MarketWise, Inc. (NASDAQ:MKTW) Sees Significant Decrease in Short Interest

MarketWise, Inc. (NASDAQ:MKTW) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 19,334 shares, a decrease of 35.7% from the January 15th total of 30,056 shares. Based on an average trading volume of 9,274 shares, the short-interest ratio is presently 2.1 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 9,274 shares, the short-interest ratio is presently 2.1 days.

Analyst Ratings Changes

MKTW has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of MarketWise in a research note on Thursday, January 22nd. UBS Group reiterated an “outperform” rating on shares of MarketWise in a research report on Monday, November 24th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.00.

MarketWise Stock Performance

MKTW traded down $0.28 during trading on Friday, reaching $15.09. 1,267 shares of the company’s stock were exchanged, compared to its average volume of 9,195. The company’s fifty day moving average price is $15.62 and its 200-day moving average price is $16.46. The firm has a market capitalization of $241.88 million, a PE ratio of 5.99 and a beta of 0.53. MarketWise has a fifty-two week low of $9.07 and a fifty-two week high of $21.74.

Hedge Funds Weigh In On MarketWise

Several hedge funds have recently added to or reduced their stakes in MKTW. Russell Investments Group Ltd. bought a new position in MarketWise during the second quarter worth about $28,000. Wells Fargo & Company MN raised its position in shares of MarketWise by 52.5% in the 4th quarter. Wells Fargo & Company MN now owns 2,199 shares of the newsletter publisher’s stock valued at $33,000 after acquiring an additional 757 shares during the period. AQR Capital Management LLC boosted its stake in MarketWise by 300.5% during the 1st quarter. AQR Capital Management LLC now owns 121,661 shares of the newsletter publisher’s stock worth $60,000 after acquiring an additional 91,282 shares during the last quarter. Susquehanna International Group LLP acquired a new position in MarketWise during the third quarter valued at approximately $191,000. Finally, Raymond James Financial Inc. acquired a new position in MarketWise during the second quarter valued at approximately $226,000. Institutional investors and hedge funds own 23.04% of the company’s stock.

MarketWise Company Profile

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.