Short Interest in Energous Co. (NASDAQ:WATT) Rises By 295.7%

Energous Co. (NASDAQ:WATT) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 3,780,000 shares, an increase of 295.7% from the December 31st total of 955,200 shares. Approximately 19.5% of the shares of the company are sold short. Based on an average daily trading volume, of 5,640,000 shares, the short-interest ratio is currently 0.7 days.

Energous Stock Performance

Shares of WATT traded down $0.00 during midday trading on Thursday, hitting $0.46. 416,521 shares of the company traded hands, compared to its average volume of 5,306,159. Energous has a 52 week low of $0.28 and a 52 week high of $2.75. The firm has a 50 day moving average of $0.56 and a 200-day moving average of $0.66. The stock has a market cap of $4.63 million, a price-to-earnings ratio of -0.15 and a beta of 2.36.

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

Energous Company Profile

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.