American Superconductor Co. (NASDAQ:AMSC) Short Interest Up 28.3% in January

American Superconductor Co. (NASDAQ:AMSC) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,810,000 shares, an increase of 28.3% from the December 31st total of 2,970,000 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is presently 2.7 days.

American Superconductor Trading Down 3.8 %

American Superconductor stock traded down $1.04 during mid-day trading on Friday, hitting $26.27. The company had a trading volume of 1,165,508 shares, compared to its average volume of 837,824. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -525.29 and a beta of 2.28. The company’s fifty day moving average is $28.11 and its 200-day moving average is $25.53. American Superconductor has a 12-month low of $10.19 and a 12-month high of $38.02.

Institutional Trading of American Superconductor

A number of hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in American Superconductor in the second quarter valued at approximately $28,000. CWM LLC purchased a new position in shares of American Superconductor during the 3rd quarter valued at approximately $57,000. Quest Partners LLC acquired a new stake in American Superconductor in the 3rd quarter valued at $88,000. Truist Financial Corp purchased a new stake in American Superconductor in the 4th quarter worth $251,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in American Superconductor during the third quarter worth $277,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Oppenheimer increased their price target on American Superconductor from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday.

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.