Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Up 84.5% in March

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 6,920,000 shares, a growth of 84.5% from the March 15th total of 3,750,000 shares. Based on an average trading volume of 3,680,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 8.6% of the shares of the company are short sold.

Insider Transactions at Amprius Technologies

In related news, insider Jonathan Bornstein sold 13,527 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $3.13, for a total transaction of $42,339.51. Following the completion of the sale, the insider now directly owns 419,197 shares in the company, valued at approximately $1,312,086.61. The trade was a 3.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Constantin Ionel Stefan sold 9,066 shares of Amprius Technologies stock in a transaction on Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $28,376.58. Following the transaction, the chief technology officer now owns 421,489 shares in the company, valued at $1,319,260.57. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,088 shares of company stock worth $235,025 over the last three months. 12.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of Amprius Technologies by 49.4% in the 4th quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after acquiring an additional 3,222 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Amprius Technologies during the 4th quarter valued at approximately $28,000. JPMorgan Chase & Co. lifted its position in Amprius Technologies by 343.1% in the third quarter. JPMorgan Chase & Co. now owns 27,041 shares of the company's stock worth $30,000 after buying an additional 20,939 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Amprius Technologies during the fourth quarter worth $30,000. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Amprius Technologies by 29.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock valued at $31,000 after acquiring an additional 6,700 shares during the period. Institutional investors own 5.04% of the company's stock.

Amprius Technologies Stock Performance

Shares of AMPX traded down $0.11 during midday trading on Friday, hitting $2.15. 1,467,012 shares of the company traded hands, compared to its average volume of 2,161,798. Amprius Technologies has a 52 week low of $0.61 and a 52 week high of $4.21. The firm has a 50 day moving average of $2.56 and a 200-day moving average of $2.36. The stock has a market cap of $252.95 million, a price-to-earnings ratio of -4.77 and a beta of 2.17.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.01. The business had revenue of $10.63 million during the quarter, compared to analysts' expectations of $7.12 million. Amprius Technologies had a negative return on equity of 71.39% and a negative net margin of 245.92%. Sell-side analysts predict that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. B. Riley lifted their target price on Amprius Technologies from $5.00 to $6.00 and gave the company a "buy" rating in a research report on Friday, March 21st. HC Wainwright reiterated a "buy" rating and set a $10.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st. Oppenheimer lifted their price target on shares of Amprius Technologies from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Friday, March 21st. Roth Mkm reissued a "buy" rating and issued a $6.00 price objective on shares of Amprius Technologies in a research note on Friday, March 21st. Finally, Cantor Fitzgerald initiated coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They issued an "overweight" rating and a $10.00 target price for the company. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $9.43.

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.