Short Interest in Amprius Technologies, Inc. (NYSE:AMPX) Rises By 7.8%

Amprius Technologies, Inc. (NYSE:AMPX) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 2,780,000 shares, an increase of 7.8% from the September 15th total of 2,580,000 shares. Based on an average daily volume of 905,500 shares, the days-to-cover ratio is presently 3.1 days. Currently, 7.6% of the shares of the company are sold short.

Analyst Ratings Changes

A number of equities analysts have weighed in on AMPX shares. Roth Mkm decreased their target price on Amprius Technologies from $10.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Northland Capmk upgraded shares of Amprius Technologies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Oppenheimer dropped their target price on shares of Amprius Technologies from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. B. Riley raised shares of Amprius Technologies to a “strong-buy” rating in a report on Tuesday, June 25th. Finally, HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Amprius Technologies in a research report on Monday, August 12th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Amprius Technologies presently has a consensus rating of “Buy” and an average target price of $8.17.

Amprius Technologies Stock Performance

Shares of AMPX opened at $1.30 on Friday. Amprius Technologies has a fifty-two week low of $0.61 and a fifty-two week high of $6.02. The firm has a market cap of $140.36 million, a price-to-earnings ratio of -3.02 and a beta of 2.71. The firm has a 50 day moving average price of $1.04 and a 200-day moving average price of $1.34.

Amprius Technologies (NYSE:AMPX) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02). Amprius Technologies had a negative return on equity of 64.85% and a negative net margin of 327.05%. The business had revenue of $3.35 million during the quarter, compared to the consensus estimate of $2.45 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. As a group, equities research analysts predict that Amprius Technologies will post -0.5 earnings per share for the current year.

Insider Activity

In other Amprius Technologies news, CEO Kang Sun sold 33,333 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $1.04, for a total value of $34,666.32. Following the completion of the transaction, the chief executive officer now owns 1,350,753 shares in the company, valued at $1,404,783.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Kang Sun sold 33,333 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $1.04, for a total transaction of $34,666.32. Following the sale, the chief executive officer now owns 1,350,753 shares of the company’s stock, valued at approximately $1,404,783.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Justin E. Mirro sold 135,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the sale, the director now owns 1,510,000 shares in the company, valued at $1,510,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 469,683 shares of company stock worth $425,318. 12.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amprius Technologies

Several institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its position in Amprius Technologies by 29.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 15,775 shares of the company’s stock valued at $83,000 after purchasing an additional 3,575 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Amprius Technologies in the second quarter worth $72,000. Finally, AQR Capital Management LLC bought a new stake in Amprius Technologies during the 2nd quarter valued at $99,000. 5.04% of the stock is currently owned by hedge funds and other institutional investors.

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.