Amprius Technologies, Inc. (NYSE:AMPX) Sees Large Growth in Short Interest

Amprius Technologies, Inc. (NYSE:AMPX) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 2,270,000 shares, a growth of 57.6% from the July 31st total of 1,440,000 shares. Currently, 6.7% of the company’s stock are sold short. Based on an average daily trading volume, of 650,900 shares, the short-interest ratio is currently 3.5 days.

Analyst Ratings Changes

Several brokerages have issued reports on AMPX. Oppenheimer reduced their price objective on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Northland Securities decreased their price objective on 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 reissued a “buy” rating and set a $10.00 target price on shares of Amprius Technologies in a report on Monday, August 12th. Alliance Global Partners decreased their price target on shares of Amprius Technologies from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Roth Mkm dropped their price objective on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amprius Technologies has an average rating of “Buy” and a consensus price target of $8.17.

Amprius Technologies Price Performance

NYSE AMPX traded down $0.04 during trading hours on Friday, reaching $1.07. The company’s stock had a trading volume of 254,809 shares, compared to its average volume of 679,490. Amprius Technologies has a 52 week low of $1.01 and a 52 week high of $6.02. The stock has a market cap of $115.52 million, a P/E ratio of -2.49 and a beta of 2.71. The firm has a fifty day simple moving average of $1.19 and a 200-day simple moving average of $1.84.

Amprius Technologies (NYSE:AMPX) last announced its earnings results on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Amprius Technologies had a negative return on equity of 59.58% and a negative net margin of 350.70%. The company had revenue of $3.35 million for the quarter, compared to analyst estimates of $2.45 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. On average, research analysts expect that Amprius Technologies will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Justin E. Mirro sold 280,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $1.30, for a total value of $364,000.00. Following the sale, the director now directly owns 1,715,000 shares of the company’s stock, valued at approximately $2,229,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Justin E. Mirro sold 280,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1.30, for a total transaction of $364,000.00. Following the sale, the director now owns 1,715,000 shares in the company, valued at $2,229,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kang Sun sold 33,333 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the completion of the transaction, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 618,383 shares of company stock worth $739,318. Company insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors and hedge funds have recently made changes to their positions in AMPX. B. Riley Wealth Advisors Inc. grew its position in Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after purchasing an additional 10,300 shares during the period. Tower Research Capital LLC TRC boosted its stake in Amprius Technologies by 45.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,252 shares of the company’s stock valued at $44,000 after purchasing an additional 2,597 shares during the last quarter. XTX Topco Ltd bought a new stake in Amprius Technologies during the 2nd quarter worth approximately $72,000. AQR Capital Management LLC purchased a new stake in shares of Amprius Technologies in the second quarter worth approximately $99,000. Finally, International Assets Investment Management LLC bought a new position in shares of Amprius Technologies in the fourth quarter valued at approximately $710,000. Institutional investors own 5.04% of the company’s stock.

Amprius Technologies Company Profile

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.