Short Interest in Energous Co. (NASDAQ:WATT) Rises By 295.7%

Energous Co. (NASDAQ:WATT) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 3,780,000 shares, a growth of 295.7% from the December 31st total of 955,200 shares. Based on an average trading volume of 5,640,000 shares, the short-interest ratio is currently 0.7 days. Approximately 19.5% of the company’s shares are sold short.

Energous Trading Down 4.3 %

Shares of Energous stock traded down $0.02 during trading hours on Tuesday, reaching $0.44. 605,569 shares of the company’s stock were exchanged, compared to its average volume of 5,816,853. The firm has a market capitalization of $4.46 million, a price-to-earnings ratio of -0.14 and a beta of 2.36. The company has a fifty day moving average of $0.56 and a 200-day moving average of $0.67. Energous has a 52-week low of $0.28 and a 52-week high of $2.75.

Energous (NASDAQ:WATT) last released its quarterly earnings data on Tuesday, November 12th. The industrial products company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.24. The business had revenue of $0.23 million during the quarter. Energous had a negative return on equity of 317.56% and a negative net margin of 4,368.98%. On average, equities research analysts anticipate that Energous will post -3.01 earnings per share for the current fiscal year.

About Energous

Energous Corporation provides wireless charging system solutions in the United States. The company develops WattUp wireless power networks technology that consists of semiconductor chipsets; software controls; hardware designs; and antennas that enables radio frequency-based charging for Internet of Things devices.