Short Interest in ASP Isotopes Inc. (NASDAQ:ASPI) Increases By 15.8%

ASP Isotopes Inc. (NASDAQ:ASPI) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 6,450,000 shares, an increase of 15.8% from the November 15th total of 5,570,000 shares. Based on an average daily volume of 4,620,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 14.1% of the shares of the stock are short sold.

ASP Isotopes Stock Up 14.4 %

Shares of ASP Isotopes stock traded up $0.63 on Friday, hitting $5.00. The company had a trading volume of 5,364,095 shares, compared to its average volume of 1,872,946. The company has a debt-to-equity ratio of 0.80, a current ratio of 7.55 and a quick ratio of 7.54. ASP Isotopes has a twelve month low of $1.65 and a twelve month high of $9.33. The stock has a 50-day moving average of $5.62 and a 200-day moving average of $3.92. The firm has a market capitalization of $356.95 million, a P/E ratio of -8.20 and a beta of 3.27.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ASPI shares. Canaccord Genuity Group restated a “buy” rating and issued a $4.50 price objective on shares of ASP Isotopes in a research report on Friday, October 18th. Canaccord Genuity Group assumed coverage on shares of ASP Isotopes in a research report on Friday, October 4th. They issued a “buy” rating and a $4.50 price objective for the company.

Hedge Funds Weigh In On ASP Isotopes

Several hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. bought a new position in ASP Isotopes in the third quarter valued at approximately $42,000. Fielder Capital Group LLC bought a new stake in ASP Isotopes during the second quarter worth $55,000. The Manufacturers Life Insurance Company bought a new stake in shares of ASP Isotopes in the 3rd quarter valued at about $52,000. KKM Financial LLC grew its holdings in ASP Isotopes by 66.2% during the third quarter. KKM Financial LLC now owns 22,600 shares of the company’s stock worth $63,000 after purchasing an additional 9,000 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of ASP Isotopes in the third quarter valued at approximately $66,000. Institutional investors own 16.80% of the company’s stock.

ASP Isotopes Company Profile

ASP Isotopes Inc, a development stage advanced materials company, focuses on the production, distribution, marketing, and sale of isotopes. It engages in the production and commercialization of Molybdenum-100, a non-radioactive isotope for the medical industry; Carbon-14; and Silicon-28. The company is also developing Quantum Enrichment technology to produce Ytterbium-176, Nickel-64, Lithium 6, Lithium7, and Uranium-235.