American Superconductor Co. (NASDAQ:AMSC) Short Interest Update

American Superconductor Co. (NASDAQ:AMSC) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,970,000 shares, an increase of 12.5% from the November 30th total of 2,640,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new position in shares of American Superconductor in the second quarter valued at about $28,000. nVerses Capital LLC acquired a new position in shares of American Superconductor during the 2nd quarter worth approximately $42,000. CWM LLC bought a new position in shares of American Superconductor during the third quarter worth approximately $57,000. Quest Partners LLC acquired a new stake in shares of American Superconductor in the third quarter valued at approximately $88,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of American Superconductor in the second quarter valued at approximately $96,000. 52.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Craig Hallum restated a “buy” rating and set a $33.00 target price on shares of American Superconductor in a report on Tuesday, September 10th. Roth Mkm reaffirmed a “buy” rating and issued a $29.00 target price on shares of American Superconductor in a report on Monday, September 30th.

American Superconductor Stock Up 0.6 %

American Superconductor stock opened at $25.20 on Tuesday. The company’s 50-day moving average price is $28.93 and its two-hundred day moving average price is $25.27. The stock has a market cap of $994.22 million, a P/E ratio of -503.90 and a beta of 2.21. American Superconductor has a twelve month low of $9.37 and a twelve month high of $38.02.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.