Energous Co. (NASDAQ:WATT) Sees Significant Decrease in Short Interest

Energous Co. (NASDAQ:WATT) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 1,290,000 shares, a decline of 65.9% from the December 31st total of 3,780,000 shares. Approximately 4.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,930,000 shares, the days-to-cover ratio is presently 0.2 days.

Energous Price Performance

Shares of WATT stock traded up $0.02 during midday trading on Friday, reaching $0.47. 1,500,931 shares of the company traded hands, compared to its average volume of 5,020,957. The firm has a market cap of $4.76 million, a PE ratio of -0.15 and a beta of 2.36. The firm’s 50 day simple moving average is $0.56 and its two-hundred day simple moving average is $0.66. Energous has a 1-year low of $0.28 and a 1-year high of $2.75.

Energous (NASDAQ:WATT) last released its quarterly earnings results on Tuesday, November 12th. The industrial products company reported ($0.50) earnings per share for the quarter, topping the consensus estimate of ($0.74) by $0.24. The company 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%. As a group, research analysts anticipate that Energous will post -3.01 earnings per share for the current fiscal year.

Energous Company Profile

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.