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

American Superconductor Co. (NASDAQ:AMSC) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 3,000,000 shares, a decrease of 14.3% from the January 31st total of 3,500,000 shares. Based on an average trading volume of 1,280,000 shares, the short-interest ratio is presently 2.3 days.

Analysts Set New Price Targets

Separately, Oppenheimer upped their price objective on American Superconductor from $33.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th.

American Superconductor Trading Down 4.1 %

NASDAQ:AMSC opened at $19.17 on Friday. The company has a market capitalization of $756.45 million, a P/E ratio of 273.90 and a beta of 2.26. American Superconductor has a 12 month low of $11.36 and a 12 month high of $38.02. The business’s 50-day moving average is $27.00 and its 200 day moving average is $26.07.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. On average, research analysts forecast that American Superconductor will post 0.41 earnings per share for the current year.

Institutional Trading of American Superconductor

Several hedge funds and other institutional investors have recently bought and sold shares of AMSC. Wellington Management Group LLP bought a new stake in American Superconductor during the 4th quarter valued at $11,360,000. Raymond James Financial Inc. purchased a new stake in shares of American Superconductor during the 4th quarter valued at $10,188,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of American Superconductor during the 4th quarter valued at $7,310,000. Balyasny Asset Management L.P. purchased a new stake in shares of American Superconductor during the 4th quarter valued at $5,886,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of American Superconductor by 211.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock valued at $7,187,000 after purchasing an additional 206,655 shares during the last quarter. Institutional investors own 52.28% of the company’s stock.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. 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.