Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Up 25.5% in February

Amprius Technologies, Inc. (NYSE:AMPXGet Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 29th, there was short interest totalling 1,280,000 shares, a growth of 25.5% from the February 14th total of 1,020,000 shares. Currently, 6.9% of the company’s shares are short sold. Based on an average daily trading volume, of 593,700 shares, the days-to-cover ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. William Blair assumed coverage on Amprius Technologies in a research report on Monday, December 18th. They issued a “market perform” rating for the company. Alliance Global Partners assumed coverage on Amprius Technologies in a research report on Tuesday, December 5th. They issued a “buy” rating and a $10.00 price objective for the company. Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a research report on Thursday, January 11th. Finally, Roth Mkm initiated coverage on Amprius Technologies in a research report on Thursday, January 11th. They issued a “buy” rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.40.

Check Out Our Latest Analysis on Amprius Technologies

Amprius Technologies Price Performance

NYSE:AMPX traded up $0.05 during trading hours on Friday, reaching $2.83. 605,775 shares of the stock were exchanged, compared to its average volume of 548,332. Amprius Technologies has a twelve month low of $2.59 and a twelve month high of $10.63. The firm has a 50 day moving average of $3.86 and a 200 day moving average of $3.92. The stock has a market cap of $250.17 million, a PE ratio of -7.26 and a beta of 2.89.

Insider Buying and Selling at Amprius Technologies

In other news, insider Jonathan Bornstein sold 150,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $4.44, for a total value of $666,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 409,800 shares of company stock valued at $1,651,116. 14.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amprius Technologies

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Amprius Technologies by 240.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,655 shares of the company’s stock valued at $27,000 after buying an additional 3,996 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Amprius Technologies in the 4th quarter valued at $44,000. Belpointe Asset Management LLC bought a new stake in Amprius Technologies in the 1st quarter valued at $44,000. Integrated Wealth Concepts LLC bought a new stake in Amprius Technologies in the 3rd quarter valued at $52,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Amprius Technologies in the 3rd quarter valued at $58,000. Institutional investors and hedge funds own 2.60% of the company’s stock.

About Amprius Technologies

(Get Free Report)

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.

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