Beam Global (NASDAQ:BEEM) Short Interest Update

Beam Global (NASDAQ:BEEM) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 1,210,000 shares, an increase of 14.2% from the December 31st total of 1,060,000 shares. Based on an average daily volume of 217,300 shares, the short-interest ratio is currently 5.6 days.

Beam Global Trading Down 2.9 %

Shares of NASDAQ BEEM opened at $2.67 on Monday. Beam Global has a 12-month low of $2.60 and a 12-month high of $8.48. The stock’s fifty day simple moving average is $3.15 and its two-hundred day simple moving average is $4.39. The stock has a market capitalization of $39.44 million, a PE ratio of -2.75 and a beta of 0.84.

Institutional Investors Weigh In On Beam Global

Institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in shares of Beam Global during the third quarter worth $25,000. Virtue Capital Management LLC purchased a new position in Beam Global during the 3rd quarter worth $49,000. Calton & Associates Inc. acquired a new position in Beam Global during the 3rd quarter valued at about $93,000. XTX Topco Ltd raised its stake in Beam Global by 96.3% in the third quarter. XTX Topco Ltd now owns 20,332 shares of the company’s stock valued at $100,000 after buying an additional 9,975 shares during the last quarter. Finally, Green Alpha Advisors LLC boosted its holdings in Beam Global by 28.1% in the fourth 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 own 26.59% of the company’s stock.

Wall Street Analyst Weigh In

BEEM has been the topic of a number of recent research reports. HC Wainwright dropped their price target on Beam Global from $30.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Needham & Company LLC reiterated a “hold” rating on shares of Beam Global in a report on Monday, November 18th.

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.