American Superconductor Co. (NASDAQ:AMSC) Short Interest Update

American Superconductor Co. (NASDAQ:AMSC - Get Free Report) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 3,500,000 shares, a decline of 10.5% from the January 15th total of 3,910,000 shares. Based on an average trading volume of 1,420,000 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of American Superconductor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of American Superconductor by 211.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company's stock valued at $7,187,000 after acquiring an additional 206,655 shares during the last quarter. Centiva Capital LP acquired a new position in American Superconductor during the third quarter worth approximately $456,000. Main Management ETF Advisors LLC acquired a new position in American Superconductor during the third quarter worth approximately $806,000. Lisanti Capital Growth LLC increased its position in American Superconductor by 110.2% during the third quarter. Lisanti Capital Growth LLC now owns 131,340 shares of the technology company's stock worth $3,100,000 after buying an additional 68,845 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in American Superconductor during the third quarter worth approximately $781,000. Institutional investors and hedge funds own 52.28% of the company's stock.

American Superconductor Price Performance

Shares of AMSC traded down $2.62 during midday trading on Thursday, hitting $28.83. The stock had a trading volume of 1,105,632 shares, compared to its average volume of 1,200,448. The company has a 50 day simple moving average of $27.64 and a two-hundred day simple moving average of $25.94. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 411.92 and a beta of 2.26. American Superconductor has a twelve month low of $11.36 and a twelve month high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Analysts forecast that American Superconductor will post 0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer lifted their target price on American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, February 7th.

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.