SES AI Co. (NYSE:SES) Short Interest Update

SES AI Co. (NYSE:SES) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 19,840,000 shares, a growth of 20.9% from the February 28th total of 16,410,000 shares. Based on an average daily volume of 34,290,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 9.1% of the shares of the stock are short sold.

SES AI Stock Down 4.5 %

Shares of SES AI stock opened at $0.54 on Thursday. SES AI has a 12-month low of $0.20 and a 12-month high of $2.53. The stock has a market capitalization of $195.09 million, a P/E ratio of -2.34 and a beta of 0.40. The stock has a 50 day moving average price of $0.81 and a two-hundred day moving average price of $0.76.

SES AI (NYSE:SES) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The business had revenue of $2.04 million for the quarter. Sell-side analysts anticipate that SES AI will post -0.23 earnings per share for the current year.

Insider Buying and Selling

In other SES AI news, CTO Kang Xu sold 27,969 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1.17, for a total value of $32,723.73. Following the completion of the transaction, the chief technology officer now directly owns 444,290 shares in the company, valued at $519,819.30. This trade represents a 5.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Qichao Hu sold 194,459 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $227,517.03. Following the sale, the chief executive officer now owns 2,781,769 shares in the company, valued at $3,254,669.73. This represents a 6.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 397,471 shares of company stock worth $457,541 in the last ninety days. 15.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SES. CIBC Asset Management Inc bought a new stake in SES AI in the fourth quarter valued at about $25,000. Brevan Howard Capital Management LP acquired a new position in SES AI during the 4th quarter worth about $25,000. Optas LLC acquired a new stake in SES AI in the 4th quarter valued at about $27,000. Cibc World Markets Corp bought a new position in shares of SES AI in the fourth quarter worth about $27,000. Finally, XTX Topco Ltd bought a new stake in shares of SES AI during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 29.78% of the company’s stock.

About SES AI

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.