Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Up 5.8% in December

Amprius Technologies, Inc. (NYSE:AMPX) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 3,660,000 shares, a growth of 5.8% from the November 30th total of 3,460,000 shares. Based on an average trading volume of 2,520,000 shares, the short-interest ratio is currently 1.5 days. Currently, 4.8% of the shares of the stock are sold short.

Amprius Technologies Stock Down 6.0 %

Shares of NYSE:AMPX opened at $2.80 on Thursday. The stock has a market cap of $296.35 million, a PE ratio of -6.22 and a beta of 2.92. The company’s fifty day moving average is $1.93 and its 200 day moving average is $1.42. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $5.29.

Amprius Technologies (NYSE:AMPX) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The firm had revenue of $7.86 million for the quarter, compared to the consensus estimate of $7.70 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Sell-side analysts anticipate that Amprius Technologies will post -0.44 EPS for the current year.

Insider Buying and Selling

In related news, insider Jonathan Bornstein sold 18,170 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $1.96, for a total transaction of $35,613.20. Following the completion of the transaction, the insider now directly owns 454,131 shares in the company, valued at $890,096.76. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandra Wallach sold 17,158 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the sale, the chief financial officer now directly owns 696,142 shares in the company, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,903 shares of company stock valued at $86,050. Company insiders own 12.80% of the company’s stock.

Institutional Trading of Amprius Technologies

A number of institutional investors have recently made changes to their positions in AMPX. XTX Topco Ltd purchased a new position in shares of Amprius Technologies in the second quarter worth $72,000. AQR Capital Management LLC purchased a new position in shares of Amprius Technologies in the second quarter valued at about $99,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company’s stock valued at $29,000 after acquiring an additional 10,300 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Amprius Technologies by 124.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company’s stock valued at $304,000 after acquiring an additional 152,102 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Amprius Technologies by 4.7% during the third quarter. State Street Corp now owns 286,390 shares of the company’s stock worth $318,000 after purchasing an additional 12,900 shares during the period. Hedge funds and other institutional investors own 5.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMPX shares. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Northland Capmk raised Amprius Technologies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Amprius Technologies presently has an average rating of “Buy” and an average target price of $8.17.

About Amprius Technologies

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.