Cepton, Inc. (NASDAQ:CPTN) Sees Significant Growth in Short Interest

Cepton, Inc. (NASDAQ:CPTN) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 28,500 shares, a growth of 14.0% from the November 30th total of 25,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 45,400 shares, the days-to-cover ratio is presently 0.6 days.

Cepton Price Performance

CPTN traded down $0.01 on Wednesday, reaching $3.26. 13,004 shares of the company traded hands, compared to its average volume of 35,914. The company has a market cap of $52.33 million, a price-to-earnings ratio of -1.87 and a beta of 0.10. The stock’s 50 day moving average price is $3.17 and its 200-day moving average price is $3.00. Cepton has a 52-week low of $2.38 and a 52-week high of $3.81.

Cepton (NASDAQ:CPTN) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.61) EPS for the quarter. The firm had revenue of $0.55 million for the quarter.

Cepton Company Profile

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.