Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Update

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 3,980,000 shares, a growth of 42.7% from the January 15th total of 2,790,000 shares. Based on an average daily trading volume, of 3,850,000 shares, the short-interest ratio is presently 1.0 days. Currently, 5.1% of the shares of the company are sold short.

Amprius Technologies Price Performance

Shares of NYSE:AMPX traded down $0.01 during midday trading on Tuesday, hitting $3.38. The company had a trading volume of 3,721,619 shares, compared to its average volume of 3,800,959. Amprius Technologies has a twelve month low of $0.61 and a twelve month high of $4.20. The stock has a market cap of $357.95 million, a price-to-earnings ratio of -7.52 and a beta of 2.45. The business's 50-day simple moving average is $2.91 and its 200-day simple moving average is $1.91.

Insider Buying and Selling

In related news, CFO Sandra Wallach sold 17,158 shares of Amprius Technologies stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the sale, the chief financial officer now owns 696,142 shares of the company's stock, valued at approximately $1,364,438.32. This trade represents a 2.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Bornstein sold 18,170 shares of the business's stock in a transaction on 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 sale, the insider now directly owns 454,131 shares of the company's stock, valued at approximately $890,096.76. The trade was a 3.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,903 shares of company stock valued at $86,050. Corporate insiders own 12.80% of the company's stock.

Institutional Trading of Amprius Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Trading LLC purchased a new stake in shares of Amprius Technologies in the fourth quarter valued at about $48,000. Two Sigma Advisers LP purchased a new stake in shares of Amprius Technologies in the 4th quarter valued at approximately $128,000. Two Sigma Investments LP increased its holdings in shares of Amprius Technologies by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 443,311 shares of the company's stock worth $1,241,000 after buying an additional 338,524 shares during the last quarter. Millennium Management LLC acquired a new position in Amprius Technologies in the fourth quarter valued at approximately $2,009,000. Finally, Blackstone Inc. purchased a new position in Amprius Technologies in the fourth quarter worth approximately $722,000. 5.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Amprius Technologies in a research report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price target for the company. HC Wainwright reissued a "buy" rating and set a $10.00 target price on shares of Amprius Technologies in a report on Monday, November 11th. Finally, Northland Securities lifted their price target on Amprius Technologies from $4.00 to $10.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $9.29.

Amprius Technologies Company Profile

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.