Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Update

Amprius Technologies, Inc. (NYSE:AMPX) was the recipient of a large 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 company’s shares are sold short. Based on an average daily trading volume, of 2,520,000 shares, the short-interest ratio is currently 1.5 days.

Amprius Technologies Trading Up 2.1 %

Amprius Technologies stock opened at $2.86 on Friday. The firm has a market capitalization of $302.70 million, a price-to-earnings ratio of -6.36 and a beta of 2.92. The firm’s fifty day moving average price is $1.96 and its two-hundred day moving average price is $1.43. Amprius Technologies has a 1-year low of $0.61 and a 1-year high of $5.26.

Amprius Technologies (NYSE:AMPX) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. The business had revenue of $7.86 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned ($0.10) EPS. On average, research analysts forecast that Amprius Technologies will post -0.44 EPS for the current year.

Insider Buying and Selling at Amprius Technologies

In related news, CFO Sandra Wallach sold 17,158 shares of Amprius Technologies stock in a transaction 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 completion of the transaction, the chief financial officer now owns 696,142 shares of the company’s stock, valued at $1,364,438.32. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Bornstein sold 18,170 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the sale, the insider now directly owns 454,131 shares in the company, valued at $890,096.76. This trade represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,903 shares of company stock worth $86,050. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock worth $304,000 after purchasing an additional 152,102 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Amprius Technologies during the 2nd quarter worth approximately $72,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Amprius Technologies by 84.4% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock worth $29,000 after buying an additional 10,300 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Amprius Technologies in the second quarter valued at approximately $99,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company’s stock valued at $30,000 after acquiring an additional 20,939 shares in the last quarter. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMPX shares. HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Northland Capmk raised shares of Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $8.17.

Amprius Technologies Company Profile

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.