American Superconductor Co. (NASDAQ:AMSC) Short Interest Down 8.0% in November

American Superconductor Co. (NASDAQ:AMSC - Get Free Report) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 2,640,000 shares, a decrease of 8.0% from the November 15th total of 2,870,000 shares. Based on an average trading volume of 1,410,000 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Amalgamated Bank bought a new stake in American Superconductor during the second quarter valued at approximately $28,000. nVerses Capital LLC purchased a new stake in shares of American Superconductor during the 2nd quarter valued at $42,000. CWM LLC bought a new stake in shares of American Superconductor during the 3rd quarter worth $57,000. Quest Partners LLC purchased a new position in American Superconductor in the third quarter worth $88,000. Finally, Canada Pension Plan Investment Board bought a new position in American Superconductor in the second quarter valued at $96,000. Institutional investors own 52.28% of the company's stock.

American Superconductor Stock Down 0.2 %

Shares of NASDAQ:AMSC traded down $0.05 during midday trading on Monday, reaching $25.78. 1,654,762 shares of the company traded hands, compared to its average volume of 1,078,147. American Superconductor has a 12 month low of $9.37 and a 12 month high of $38.02. The firm's fifty day moving average price is $28.63 and its two-hundred day moving average price is $24.98. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -516.60 and a beta of 2.21.

Analyst Upgrades and Downgrades

AMSC has been the topic of several research analyst reports. Craig Hallum reissued a "buy" rating and issued a $33.00 price objective on shares of American Superconductor in a research report on Tuesday, September 10th. Roth Mkm reiterated 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 Company Profile

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.