Beam Global (NASDAQ:BEEM) Short Interest Update

Beam Global (NASDAQ:BEEM) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,270,000 shares, a growth of 6.7% from the January 15th total of 1,190,000 shares. Based on an average daily volume of 260,400 shares, the short-interest ratio is presently 4.9 days.

Hedge Funds Weigh In On Beam Global

Hedge funds have recently added to or reduced their stakes in the stock. Calton & Associates Inc. bought a new position in shares of Beam Global in the third quarter valued at approximately $93,000. Capital Performance Advisors LLP bought a new position in Beam Global during the 3rd quarter valued at $25,000. XTX Topco Ltd lifted its stake in Beam Global by 96.3% during the 3rd quarter. XTX Topco Ltd now owns 20,332 shares of the company’s stock valued at $100,000 after acquiring an additional 9,975 shares in the last quarter. Virtue Capital Management LLC bought a new stake in shares of Beam Global in the 3rd quarter worth $49,000. Finally, Green Alpha Advisors LLC grew its stake in shares of Beam Global by 28.1% in the 4th quarter. Green Alpha Advisors LLC now owns 59,982 shares of the company’s stock worth $190,000 after acquiring an additional 13,162 shares in the last quarter. Institutional investors and hedge funds own 26.59% of the company’s stock.

Beam Global Price Performance

Shares of NASDAQ BEEM traded up $0.01 during mid-day trading on Monday, reaching $2.56. 127,659 shares of the company’s stock traded hands, compared to its average volume of 208,096. The business has a 50-day simple moving average of $2.94 and a 200 day simple moving average of $4.13. The stock has a market cap of $37.81 million, a P/E ratio of -2.64 and a beta of 0.85. Beam Global has a 1-year low of $2.35 and a 1-year high of $8.48.

Analyst Ratings Changes

A number of brokerages recently commented on BEEM. Needham & Company LLC reaffirmed a “hold” rating on shares of Beam Global in a research report on Monday, November 18th. HC Wainwright decreased their price objective on Beam Global from $30.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, November 19th.

Beam Global Company Profile

Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.