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

American Superconductor Co. (NASDAQ:AMSC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 3,810,000 shares, a growth of 28.3% from the December 15th total of 2,970,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and set a $29.00 price objective on shares of American Superconductor in a research report on Monday, September 30th.

Hedge Funds Weigh In On American Superconductor

A number of institutional investors and hedge funds have recently made changes to their positions in AMSC. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in American Superconductor by 2.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,146 shares of the technology company’s stock worth $916,000 after buying an additional 828 shares in the last quarter. Amalgamated Bank acquired a new position in American Superconductor during the second quarter worth $28,000. CWM LLC purchased a new stake in American Superconductor during the third quarter worth $57,000. Quest Partners LLC acquired a new stake in American Superconductor in the third quarter valued at $88,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of American Superconductor in the second quarter valued at $96,000. 52.28% of the stock is owned by institutional investors and hedge funds.

American Superconductor Price Performance

American Superconductor stock opened at $28.05 on Thursday. The stock’s 50 day moving average price is $29.40 and its 200 day moving average price is $25.45. The company has a market cap of $1.11 billion, a PE ratio of -560.89 and a beta of 2.28. American Superconductor has a 1-year low of $9.37 and a 1-year high of $38.02.

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.