Short Interest in Energous Co. (NASDAQ:WATT) Decreases By 65.9%

Energous Co. (NASDAQ:WATT) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,290,000 shares, a decrease of 65.9% from the December 31st total of 3,780,000 shares. Based on an average trading volume of 5,930,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 4.2% of the company’s stock are sold short.

Energous Price Performance

Shares of Energous stock opened at $0.45 on Friday. The business has a 50-day moving average price of $0.56 and a 200 day moving average price of $0.66. Energous has a fifty-two week low of $0.28 and a fifty-two week high of $2.75.

Energous (NASDAQ:WATT) last issued its quarterly earnings results on Tuesday, November 12th. The industrial products company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.24. The business had revenue of $0.23 million during the quarter. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. On average, equities analysts forecast that Energous will post -3.01 EPS for the current fiscal year.

About Energous

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.