Energous Co. (NASDAQ:WATT) Short Interest Up 295.7% in December

Energous Co. (NASDAQ:WATT) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 3,780,000 shares, an increase of 295.7% from the December 15th total of 955,200 shares. Currently, 19.5% of the company’s stock are short sold. Based on an average trading volume of 5,640,000 shares, the short-interest ratio is presently 0.7 days.

Energous Stock Performance

WATT stock traded down $0.09 during trading on Monday, reaching $0.66. 2,132,726 shares of the company traded hands, compared to its average volume of 11,444,556. The business has a 50 day simple moving average of $0.57 and a 200 day simple moving average of $0.71. Energous has a 12 month low of $0.28 and a 12 month high of $2.75. The company has a market capitalization of $6.68 million, a price-to-earnings ratio of -0.21 and a beta of 2.36.

Energous (NASDAQ:WATT) last released its quarterly earnings results on Tuesday, November 12th. The industrial products company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.74) by $0.24. The business had revenue of $0.23 million for the quarter. Energous had a negative net margin of 4,368.98% and a negative return on equity of 317.56%.

Institutional Investors Weigh In On Energous

An institutional investor recently raised its position in Energous stock. Armistice Capital LLC increased its position in Energous Co. (NASDAQ:WATT) by 44.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 408,000 shares of the industrial products company’s stock after acquiring an additional 126,409 shares during the period. Armistice Capital LLC owned approximately 6.24% of Energous worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 4.35% of the company’s stock.

Energous Company Profile

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.