Short Interest in Cepton, Inc. (NASDAQ:CPTN) Decreases By 8.0%

Cepton, Inc. (NASDAQ:CPTN) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 63,100 shares, a decrease of 8.0% from the August 31st total of 68,600 shares. Based on an average trading volume of 47,800 shares, the short-interest ratio is currently 1.3 days. Currently, 1.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Westpark Capital restated a “hold” rating on shares of Cepton in a report on Wednesday, August 14th.

Cepton Trading Up 0.3 %

CPTN stock traded up $0.01 during midday trading on Tuesday, hitting $3.13. The stock had a trading volume of 64,825 shares, compared to its average volume of 31,482. The firm has a market cap of $49.83 million, a P/E ratio of -1.22 and a beta of 0.08. The business has a fifty day moving average price of $3.00 and a two-hundred day moving average price of $2.85. Cepton has a 1-year low of $2.38 and a 1-year high of $5.20.

Cepton (NASDAQ:CPTN) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.26. The business had revenue of $10.43 million during the quarter, compared to the consensus estimate of $11.00 million.

About Cepton

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.