ESS Tech, Inc. (NYSE:GWH – Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 384,100 shares, a growth of 8.3% from the December 15th total of 354,700 shares. Based on an average daily trading volume, of 95,400 shares, the short-interest ratio is presently 4.0 days. Currently, 7.6% of the shares of the company are sold short.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on GWH. Baird R W lowered ESS Tech from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, November 14th. Robert W. Baird downgraded shares of ESS Tech from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $14.00 to $9.00 in a report on Thursday, November 14th. Oppenheimer cut shares of ESS Tech from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $8.00 target price on shares of ESS Tech in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $14.58.
View Our Latest Stock Analysis on ESS Tech
Institutional Trading of ESS Tech
ESS Tech Trading Up 3.9 %
Shares of ESS Tech stock opened at $5.73 on Friday. The company has a 50 day simple moving average of $5.82 and a two-hundred day simple moving average of $7.64. ESS Tech has a 1 year low of $4.35 and a 1 year high of $17.56.
ESS Tech Company Profile
ESS Tech, Inc, an energy storage company, designs and produces iron flow batteries for commercial and utility-scale energy storage applications worldwide. It offers energy storage products, which include Energy Warehouse, a behind-the-meter solution; and Energy Center, a front-of-the-meter solution. The company was founded in 2011 and is headquartered in Wilsonville, Oregon.
Recommended Stories
- Five stocks we like better than ESS Tech
- Industrial Products Stocks Investing
- Earn High Dividends With 2 Top REITs Set to Perform in 2025
- What is a support level?
- Oilfield Leader SLB: An AI Name You Need to Know
- Using the MarketBeat Stock Split Calculator
- Top ETFs That Beat the Market in 2024 and Could Do It Again
Receive News & Ratings for ESS Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ESS Tech and related companies with MarketBeat.com's FREE daily email newsletter.