American Superconductor Co. (NASDAQ:AMSC) Short Interest Up 28.3% in December

American Superconductor Co. (NASDAQ:AMSC) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 3,810,000 shares, a growth of 28.3% from the December 15th total of 2,970,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is presently 2.7 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMSC. Amalgamated Bank acquired a new stake in American Superconductor in the 2nd quarter valued at about $28,000. CWM LLC acquired a new stake in American Superconductor during the third quarter valued at approximately $57,000. Quest Partners LLC bought a new stake in American Superconductor during the third quarter worth approximately $88,000. Canada Pension Plan Investment Board acquired a new position in American Superconductor in the second quarter worth approximately $96,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in American Superconductor in the third quarter worth approximately $277,000. Institutional investors own 52.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm reissued a “buy” rating and set a $29.00 target price on shares of American Superconductor in a research note on Monday, September 30th.

American Superconductor Stock Performance

Shares of AMSC stock opened at $27.81 on Friday. American Superconductor has a 1 year low of $9.37 and a 1 year high of $38.02. The business’s fifty day moving average is $29.25 and its 200-day moving average is $25.52. The stock has a market cap of $1.10 billion, a PE ratio of -556.09 and a beta of 2.28.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.