Aspen Aerogels, Inc. (NYSE:ASPN) Short Interest Update

Aspen Aerogels, Inc. (NYSE:ASPN) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 9,720,000 shares, a decrease of 15.3% from the February 13th total of 11,470,000 shares. Approximately 12.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,940,000 shares, the short-interest ratio is currently 5.0 days.

Analysts Set New Price Targets

ASPN has been the topic of a number of research analyst reports. TD Cowen upgraded Aspen Aerogels to a “strong-buy” rating in a report on Tuesday, March 11th. Barclays reduced their price target on Aspen Aerogels from $25.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Roth Mkm lowered their price objective on Aspen Aerogels from $22.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Canaccord Genuity Group reduced their target price on shares of Aspen Aerogels from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, B. Riley decreased their price target on shares of Aspen Aerogels from $35.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.11.

Institutional Trading of Aspen Aerogels

Several institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC boosted its position in shares of Aspen Aerogels by 263.3% during the third quarter. Quest Partners LLC now owns 7,397 shares of the construction company’s stock valued at $205,000 after buying an additional 5,361 shares during the last quarter. Sandia Investment Management LP bought a new position in Aspen Aerogels in the fourth quarter valued at about $89,000. Kovitz Investment Group Partners LLC purchased a new position in Aspen Aerogels in the third quarter worth about $263,000. Morse Asset Management Inc purchased a new position in Aspen Aerogels in the third quarter worth about $264,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Aspen Aerogels during the 4th quarter valued at about $129,000. 97.64% of the stock is currently owned by hedge funds and other institutional investors.

Aspen Aerogels Stock Up 4.5 %

Aspen Aerogels stock traded up $0.32 during mid-day trading on Wednesday, reaching $7.36. The stock had a trading volume of 1,228,457 shares, compared to its average volume of 1,999,185. Aspen Aerogels has a one year low of $6.70 and a one year high of $33.15. The company has a 50-day moving average price of $9.96 and a two-hundred day moving average price of $15.67. The company has a market capitalization of $603.54 million, a price-to-earnings ratio of 45.97 and a beta of 2.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.93 and a quick ratio of 2.48.

Aspen Aerogels (NYSE:ASPN) last issued its earnings results on Wednesday, February 12th. The construction company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.11. Aspen Aerogels had a net margin of 2.95% and a return on equity of 7.49%. On average, analysts expect that Aspen Aerogels will post 0.17 EPS for the current fiscal year.

Aspen Aerogels Company Profile

Aspen Aerogels, Inc designs, develops, manufactures, and sells aerogel insulation products primarily for use in the energy infrastructure and sustainable insulation materials markets in the United States, Asia, Canada, Europe, and Latin America. It operates in two segments, Energy Industrial and Thermal Barrier.