Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Up 42.0% in October

Amprius Technologies, Inc. (NYSE:AMPX) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 4,800,000 shares, an increase of 42.0% from the October 15th total of 3,380,000 shares. Currently, 6.1% of the company’s shares are sold short. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is currently 3.1 days.

Wall Street Analysts Forecast Growth

AMPX has been the subject of a number of research reports. Roth Mkm decreased their price target on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Northland Securities cut their price target on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. HC Wainwright reiterated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, November 11th. Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Oppenheimer cut their target price on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $8.17.

Insider Buying and Selling at Amprius Technologies

In other news, CEO Kang Sun sold 33,333 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the transaction, the chief executive officer now directly owns 1,350,753 shares in the company, valued at $1,404,783.12. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Justin E. Mirro sold 250,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $0.81, for a total value of $202,500.00. Following the sale, the director now owns 1,195,000 shares of the company’s stock, valued at $967,950. The trade was a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 469,683 shares of company stock worth $425,318 in the last quarter. 12.80% of the stock is owned by insiders.

Institutional Trading of Amprius Technologies

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in Amprius Technologies by 50.9% in the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after buying an additional 184,863 shares in the last quarter. State Street Corp boosted its holdings in shares of Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after acquiring an additional 12,900 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Amprius Technologies by 84.4% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares during the period. Finally, AQR Capital Management LLC bought a new position in Amprius Technologies during the 2nd quarter valued at $99,000. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Stock Down 4.9 %

Shares of NYSE:AMPX traded down $0.11 during trading on Friday, hitting $2.12. 1,745,262 shares of the company traded hands, compared to its average volume of 1,005,883. Amprius Technologies has a one year low of $0.61 and a one year high of $6.02. The stock has a market capitalization of $235.43 million, a price-to-earnings ratio of -4.70 and a beta of 2.42. The business’s fifty day moving average is $1.29 and its 200-day moving average is $1.30.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. The company had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same quarter last year, the business earned ($0.10) earnings per share. On average, analysts forecast that Amprius Technologies will post -0.44 EPS for the current year.

About Amprius Technologies

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.