Amprius Technologies, Inc. (NYSE:AMPX) Sees Significant Increase in Short Interest

Amprius Technologies, Inc. (NYSE:AMPX) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 4,800,000 shares, a growth of 42.0% from the October 15th total of 3,380,000 shares. Currently, 6.1% of the company’s stock are sold short. Based on an average trading volume of 1,570,000 shares, the days-to-cover ratio is presently 3.1 days.

Insiders Place Their Bets

In other news, CEO Kang Sun sold 33,333 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total transaction of $34,666.32. Following the completion of the sale, the chief executive officer now directly owns 1,350,753 shares of the company’s stock, valued at $1,404,783.12. This trade represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Justin E. Mirro sold 135,000 shares of Amprius Technologies stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $1.00, for a total value of $135,000.00. Following the sale, the director now owns 1,510,000 shares in the company, valued at $1,510,000. The trade was a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 469,683 shares of company stock valued at $425,318 in the last three months. 12.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Amprius Technologies during the 2nd quarter worth $72,000. B. Riley Wealth Advisors Inc. lifted its stake in Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after purchasing an additional 10,300 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Amprius Technologies in the 2nd quarter worth about $99,000. Geode Capital Management LLC increased its position in shares of Amprius Technologies by 50.9% during the 3rd quarter. Geode Capital Management LLC now owns 548,138 shares of the company’s stock valued at $608,000 after purchasing an additional 184,863 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Amprius Technologies by 4.7% during the 3rd quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after buying an additional 12,900 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Analyst Ratings Changes

AMPX has been the subject of several research reports. Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a report on Wednesday, October 2nd. Northland Securities lowered their price objective on Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Roth Mkm dropped their price objective on shares of Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. HC Wainwright reiterated a “buy” rating and issued a $10.00 target price on shares of Amprius Technologies in a research note on Monday, November 11th. Finally, Oppenheimer dropped their price target on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Amprius Technologies currently has a consensus rating of “Buy” and an average target price of $8.17.

Amprius Technologies Trading Down 4.9 %

Shares of AMPX stock traded down $0.11 during trading hours on Friday, reaching $2.12. The stock had a trading volume of 1,745,262 shares, compared to its average volume of 1,005,883. The stock’s fifty day simple moving average is $1.29 and its 200 day simple moving average is $1.30. The firm has a market capitalization of $235.43 million, a PE ratio of -4.71 and a beta of 2.42. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $6.02.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. The firm had revenue of $7.86 million during the quarter, compared to the consensus estimate of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same period last year, the firm earned ($0.10) EPS. As a group, equities research analysts anticipate that Amprius Technologies will post -0.44 EPS for the current fiscal year.

About Amprius Technologies

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.