Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Up 8.8% in August

Amprius Technologies, Inc. (NYSE:AMPX) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,470,000 shares, an increase of 8.8% from the August 15th total of 2,270,000 shares. Approximately 6.7% of the shares of the stock are short sold. Based on an average daily volume of 637,500 shares, the days-to-cover ratio is presently 3.9 days.

Analyst Ratings Changes

Several research analysts have recently commented on AMPX shares. Roth Mkm reduced their price target on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Oppenheimer reduced their target price 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. Northland Securities dropped their price target on shares of Amprius Technologies from $10.00 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a research report on Tuesday, June 25th. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, August 12th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amprius Technologies presently has a consensus rating of “Buy” and an average target price of $8.17.

Amprius Technologies Price Performance

Shares of AMPX stock traded down $0.06 during trading hours on Wednesday, hitting $0.81. The company had a trading volume of 287,077 shares, compared to its average volume of 681,791. The stock has a market capitalization of $87.40 million, a PE ratio of -1.88 and a beta of 2.71. The company’s fifty day moving average is $1.09 and its 200 day moving average is $1.57. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $6.02.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The firm had revenue of $3.35 million for the quarter, compared to analyst estimates of $2.45 million. Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. During the same quarter last year, the company earned ($0.11) earnings per share. Equities analysts forecast that Amprius Technologies will post -0.49 earnings per share for the current year.

Insider Activity at Amprius Technologies

In other Amprius Technologies news, Director Justin E. Mirro sold 135,000 shares of Amprius Technologies stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the sale, the director now owns 1,510,000 shares of the company’s stock, valued at approximately $1,510,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amprius Technologies news, Director Justin E. Mirro sold 135,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total value of $135,000.00. Following the transaction, the director now directly owns 1,510,000 shares of the company’s stock, valued at approximately $1,510,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Justin E. Mirro sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $0.81, for a total value of $202,500.00. Following the transaction, the director now owns 1,195,000 shares in the company, valued at $967,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 469,683 shares of company stock valued at $425,318. 12.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. lifted its position in shares of 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 in the last quarter. XTX Topco Ltd purchased a new position in Amprius Technologies in the 2nd quarter valued at approximately $72,000. AQR Capital Management LLC purchased a new position in Amprius Technologies in the 2nd quarter valued at approximately $99,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Amprius Technologies in the fourth quarter worth $710,000. 5.04% of the stock is owned by institutional investors and hedge funds.

Amprius Technologies Company Profile

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.