Amprius Technologies, Inc. (NYSE:AMPX) Sees Significant Increase in Short Interest

Amprius Technologies, Inc. (NYSE:AMPX) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 3,660,000 shares, a growth of 5.8% from the November 30th total of 3,460,000 shares. Approximately 4.8% of the shares of the company are sold short. Based on an average daily volume of 2,520,000 shares, the days-to-cover ratio is currently 1.5 days.

Insider Activity

In other Amprius Technologies news, CFO Sandra Wallach sold 17,158 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $33,629.68. Following the transaction, the chief financial officer now owns 696,142 shares in the company, valued at $1,364,438.32. This represents a 2.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan Bornstein sold 18,170 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the transaction, the insider now directly owns 454,131 shares in the company, valued at $890,096.76. This represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,903 shares of company stock valued at $86,050. 12.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Amprius Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its holdings 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 during the last quarter. JPMorgan Chase & Co. boosted its position in Amprius Technologies by 343.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock worth $30,000 after buying an additional 20,939 shares during the period. XTX Topco Ltd bought a new stake in Amprius Technologies during the 2nd quarter worth approximately $72,000. AQR Capital Management LLC acquired a new position in Amprius Technologies in the 2nd quarter valued at approximately $99,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after acquiring an additional 152,102 shares during the last quarter. Institutional investors own 5.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Northland Capmk upgraded Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a research report on Monday, November 11th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $8.17.

Amprius Technologies Trading Up 2.1 %

AMPX stock opened at $2.86 on Friday. The firm has a 50-day moving average price of $1.96 and a 200-day moving average price of $1.43. Amprius Technologies has a 12 month low of $0.61 and a 12 month high of $5.26. The stock has a market capitalization of $302.70 million, a P/E ratio of -6.36 and a beta of 2.92.

Amprius Technologies (NYSE:AMPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. The business had revenue of $7.86 million during the quarter, compared to the consensus estimate of $7.70 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. During the same quarter in the prior year, the firm earned ($0.10) EPS. As a group, equities analysts predict that Amprius Technologies will post -0.44 EPS for the current fiscal year.

About Amprius Technologies

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.