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

American Superconductor Co. (NASDAQ:AMSC) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 3,000,000 shares, a drop of 14.3% from the January 31st total of 3,500,000 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is currently 2.3 days.

American Superconductor Price Performance

Shares of NASDAQ AMSC opened at $19.39 on Wednesday. American Superconductor has a 1-year low of $11.36 and a 1-year high of $38.02. The business has a fifty day moving average price of $27.24 and a 200 day moving average price of $26.16. The stock has a market capitalization of $765.13 million, a P/E ratio of 277.04 and a beta of 2.26.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. As a group, equities research analysts anticipate that American Superconductor will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer increased their price objective on shares of American Superconductor from $33.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, February 7th.

Hedge Funds Weigh In On American Superconductor

A number of large investors have recently made changes to their positions in the business. Arizona State Retirement System grew its stake in American Superconductor by 4.1% during the 4th quarter. Arizona State Retirement System now owns 11,092 shares of the technology company’s stock worth $273,000 after buying an additional 439 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in American Superconductor by 4.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company’s stock worth $307,000 after acquiring an additional 500 shares in the last quarter. Rhumbline Advisers grew its stake in shares of American Superconductor by 1.2% during the fourth quarter. Rhumbline Advisers now owns 51,119 shares of the technology company’s stock worth $1,259,000 after acquiring an additional 606 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in American Superconductor by 0.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company’s stock valued at $4,527,000 after purchasing an additional 1,150 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in American Superconductor by 7.2% in the 4th quarter. MetLife Investment Management LLC now owns 21,201 shares of the technology company’s stock worth $522,000 after acquiring an additional 1,415 shares during the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.

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.