American Superconductor Co. (NASDAQ:AMSC - Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,810,000 shares, an increase of 28.3% from the December 15th total of 2,970,000 shares. Based on an average daily volume of 1,390,000 shares, the short-interest ratio is currently 2.7 days.
Institutional Trading of American Superconductor
Institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund grew its stake in American Superconductor by 2.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,146 shares of the technology company's stock worth $916,000 after buying an additional 828 shares during the last quarter. Amalgamated Bank purchased a new position in shares of American Superconductor in the second quarter worth about $28,000. CWM LLC acquired a new stake in shares of American Superconductor during the third quarter worth about $57,000. Quest Partners LLC purchased a new stake in American Superconductor in the third quarter valued at approximately $88,000. Finally, Canada Pension Plan Investment Board purchased a new position in American Superconductor during the 2nd quarter worth approximately $96,000. 52.28% of the stock is currently owned by institutional investors.
American Superconductor Trading Down 0.5 %
Shares of NASDAQ:AMSC traded down $0.14 on Thursday, reaching $27.91. The company had a trading volume of 305,480 shares, compared to its average volume of 915,366. The firm has a market capitalization of $1.10 billion, a PE ratio of -557.49 and a beta of 2.28. American Superconductor has a 52-week low of $9.37 and a 52-week high of $38.02. The firm's 50 day simple moving average is $29.40 and its 200-day simple moving average is $25.45.
Analysts Set New Price Targets
Separately, Roth Mkm reissued a "buy" rating and issued a $29.00 price objective on shares of American Superconductor in a research report on Monday, September 30th.
Get Our Latest Report on AMSC
American Superconductor Company Profile
(
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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.
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