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

American Superconductor Co. (NASDAQ:AMSC) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 2,030,000 shares, an increase of 21.6% from the May 31st total of 1,670,000 shares. Based on an average trading volume of 659,900 shares, the short-interest ratio is presently 3.1 days.

American Superconductor Stock Down 3.6 %

Shares of AMSC opened at $23.39 on Monday. American Superconductor has a 52-week low of $5.75 and a 52-week high of $27.38. The firm has a market capitalization of $865.43 million, a PE ratio of -59.97 and a beta of 2.08. The firm has a 50-day moving average price of $17.87 and a 200 day moving average price of $14.23.

American Superconductor (NASDAQ:AMSC) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.08. American Superconductor had a negative net margin of 7.63% and a negative return on equity of 4.26%. The business had revenue of $42.03 million during the quarter, compared to analysts’ expectations of $36.75 million. On average, equities analysts expect that American Superconductor will post -0.04 EPS for the current year.

Insider Activity at American Superconductor

In other American Superconductor news, CFO John W. Kosiba, Jr. sold 29,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $14.82, for a total transaction of $429,780.00. Following the completion of the sale, the chief financial officer now owns 348,136 shares in the company, valued at $5,159,375.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other American Superconductor news, CFO John W. Kosiba, Jr. sold 29,000 shares of American Superconductor stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $14.82, for a total value of $429,780.00. Following the completion of the transaction, the chief financial officer now directly owns 348,136 shares in the company, valued at $5,159,375.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel P. Mcgahn sold 37,165 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $21.69, for a total value of $806,108.85. Following the sale, the chief executive officer now owns 1,019,956 shares in the company, valued at $22,122,845.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 118,724 shares of company stock valued at $2,234,333. Corporate insiders own 4.40% of the company’s stock.

Institutional Trading of American Superconductor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Psagot Value Holdings Ltd. Israel acquired a new position in American Superconductor during the fourth quarter worth about $33,000. AJOVista LLC acquired a new position in shares of American Superconductor in the 4th quarter worth approximately $69,000. Virtu Financial LLC bought a new stake in shares of American Superconductor in the 1st quarter worth approximately $152,000. Hillsdale Investment Management Inc. acquired a new stake in American Superconductor during the first quarter valued at approximately $153,000. Finally, Citigroup Inc. bought a new stake in American Superconductor during the third quarter worth approximately $92,000. Institutional investors own 52.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Oppenheimer increased their price objective on shares of American Superconductor from $16.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Craig Hallum lifted their price target on American Superconductor from $16.00 to $23.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, Roth Mkm increased their price objective on American Superconductor from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, June 13th.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.