Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Down 30.4% in November

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 3,340,000 shares, a decline of 30.4% from the October 31st total of 4,800,000 shares. Based on an average daily volume of 1,920,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 4.5% of the shares of the company are sold short.

Insider Activity at Amprius Technologies

In other news, CFO Sandra Wallach sold 17,158 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $33,629.68. Following the transaction, the chief financial officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Justin E. Mirro sold 135,000 shares of Amprius Technologies stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $1.00, for a total transaction of $135,000.00. Following the completion of the sale, the director now owns 1,510,000 shares of the company's stock, valued at approximately $1,510,000. The trade was a 8.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 435,203 shares of company stock worth $429,850 in the last ninety days. 12.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in Amprius Technologies in the second quarter worth $72,000. AQR Capital Management LLC bought a new position in shares of Amprius Technologies during the second quarter valued at approximately $99,000. B. Riley Wealth Advisors Inc. raised its stake in Amprius Technologies by 84.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,500 shares of the company's stock valued at $29,000 after buying an additional 10,300 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amprius Technologies by 124.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 274,047 shares of the company's stock worth $304,000 after purchasing an additional 152,102 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company's stock worth $318,000 after buying an additional 12,900 shares in the last quarter. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Northland Capmk upgraded shares of Amprius Technologies to a "strong-buy" rating in a research report on Wednesday, October 2nd. Oppenheimer lowered their price target on Amprius Technologies from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Friday, August 9th. HC Wainwright reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a research note on Monday, November 11th. Northland Securities lowered their target price on Amprius Technologies from $10.00 to $4.00 and set an "outperform" rating for the company in a research note on Tuesday, August 13th. Finally, Roth Mkm dropped their target price on shares of Amprius Technologies from $10.00 to $6.00 and set a "buy" rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $8.17.

Amprius Technologies Trading Up 9.4 %

AMPX stock traded up $0.19 during trading on Friday, hitting $2.15. The company had a trading volume of 1,606,099 shares, compared to its average volume of 1,042,864. The stock has a market cap of $227.03 million, a PE ratio of -4.77 and a beta of 2.42. The business has a 50-day moving average of $1.52 and a 200-day moving average of $1.30. Amprius Technologies has a one year low of $0.61 and a one year high of $6.02.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. The business had revenue of $7.86 million for the quarter, compared to analyst estimates of $7.70 million. During the same quarter in the previous year, the business earned ($0.10) earnings per share. Research analysts forecast that Amprius Technologies will post -0.44 EPS for the current year.

About Amprius Technologies

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.

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