Short Interest in Amprius Technologies, Inc. (NYSE:AMPX) Grows By 8.8%

Amprius Technologies, Inc. (NYSE:AMPX) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 2,470,000 shares, a growth of 8.8% from the August 15th total of 2,270,000 shares. Currently, 6.7% of the company’s stock are sold short. Based on an average trading volume of 637,500 shares, the days-to-cover ratio is currently 3.9 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMPX shares. Northland Securities dropped their target price on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Oppenheimer dropped their price objective on Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. B. Riley upgraded Amprius Technologies to a “strong-buy” rating in a research note on Tuesday, June 25th. Roth Mkm dropped 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 note on Friday, August 9th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday, August 12th. One equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $8.17.

Amprius Technologies Stock Performance

Shares of Amprius Technologies stock traded down $0.06 during trading hours on Wednesday, reaching $0.81. The company’s stock had a trading volume of 287,077 shares, compared to its average volume of 681,791. The company’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $1.57. Amprius Technologies has a one year low of $0.61 and a one year high of $6.02. The stock has a market cap of $87.40 million, a P/E ratio of -1.88 and a beta of 2.71.

Amprius Technologies (NYSE:AMPX) last posted its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). Amprius Technologies had a negative net margin of 327.05% and a negative return on equity of 64.85%. The company had revenue of $3.35 million during the quarter, compared to the consensus estimate of $2.45 million. During the same quarter in the previous year, the business posted ($0.11) earnings per share. On average, sell-side analysts predict that Amprius Technologies will post -0.49 earnings per share for the current fiscal year.

Insider Activity at Amprius Technologies

In other news, CEO Kang Sun sold 33,333 shares of the 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 completion of the sale, the chief executive officer now owns 1,350,753 shares in the company, valued at $1,404,783.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Kang Sun sold 33,333 shares of the business’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 transaction, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Justin E. Mirro sold 135,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the transaction, the director now owns 1,510,000 shares of the company’s stock, valued at $1,510,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 469,683 shares of company stock worth $425,318. 12.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amprius Technologies

A number of large investors have recently modified their holdings of AMPX. International Assets Investment Management LLC bought a new position in Amprius Technologies in the 4th quarter worth about $710,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Amprius Technologies by 29.3% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock worth $83,000 after buying an additional 3,575 shares during the period. XTX Topco Ltd acquired a new position in shares of Amprius Technologies during the second quarter worth approximately $72,000. Finally, AQR Capital Management LLC bought a new position in Amprius Technologies in the 2nd quarter worth approximately $99,000. Institutional investors and hedge funds 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.