Short-term stake in Wejo Group Ltd (NASDAQ:WEJO) increases 18.7%

Wejo Group Ltd (NASDAQ:WEJO – Get Rating) saw a significant increase in short-term interest in the month of February. As of February 28, there was short interest totaling 751,100 shares, an increase of 18.7% from the February 13 total of 633,000 shares. Based on an average daily volume of 690,500 shares, the day-to-cover ratio is currently 1.1 days. Approximately 1.6% of the company’s shares are sold short.

A number of institutional investors and hedge funds have recently bought and sold shares of WEJO. Penserra Capital Management LLC acquired a new stake in Wejo Group during the fourth quarter at a value of $34,000. Advisor Group Holdings Inc. acquired a new stake in Wejo Group during the fourth quarter at a value of $162,000. Private Advisor Group LLC acquired a new stake in Wejo Group during the fourth quarter at a value of $220,000. The Tennessee State Treasury Department acquired a new stake in Wejo Group during the fourth quarter valued at $291,000. Finally, Geode Capital Management LLC acquired a new stake in Wejo Group during the fourth quarter at a value of $341,000. Hedge funds and other institutional investors own 38.04% of the company’s shares.

A number of research companies have recently commented on WEJO. Wedbush began covering Wejo Group stocks in a research report on Tuesday, December 21. They issued an “outperform” rating and a $10.00 price target on the stock. Robert W. Baird began covering Wejo Group stocks in a research note on Wednesday, December 8. They issued an “outperform” rating and a $12.00 price target on the stock.

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WEJO opened at $3.69 on Thursday. Wejo Group has a fifty-two week minimum of $2.78 and a fifty-two week maximum of $19.90. The firm’s fifty-day simple moving average is $4.24.

About Wejo Group (Get a rating)

Wejo is a connected vehicle data provider. Wejo, formerly known as Virtuoso Acquisition Corp., is based in NEW YORK.

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