Short Interest in ASP Isotopes Inc. (NASDAQ:ASPI) Increases By 13.8%

ASP Isotopes Inc. (NASDAQ:ASPI - Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 6,770,000 shares, a growth of 13.8% from the December 15th total of 5,950,000 shares. Based on an average daily volume of 5,090,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 14.6% of the company's stock are sold short.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a $4.50 price target on shares of ASP Isotopes in a research report on Friday, October 18th. Canaccord Genuity Group assumed coverage on shares of ASP Isotopes in a research report on Friday, October 4th. They issued a "buy" rating and a $4.50 price target for the company.

ASP Isotopes Stock Up 10.1 %

NASDAQ:ASPI traded up $0.52 during mid-day trading on Friday, reaching $5.66. The stock had a trading volume of 2,735,525 shares, compared to its average volume of 2,112,098. The business's 50 day moving average is $5.51 and its 200 day moving average is $4.08. ASP Isotopes has a fifty-two week low of $1.86 and a fifty-two week high of $9.33. The stock has a market cap of $404.07 million, a P/E ratio of -9.28 and a beta of 3.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 7.55 and a quick ratio of 7.54.

Hedge Funds Weigh In On ASP Isotopes

A number of hedge funds have recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in ASP Isotopes in the third quarter worth approximately $6,249,000. Telemark Asset Management LLC acquired a new position in ASP Isotopes in the third quarter worth approximately $4,726,000. Geode Capital Management LLC increased its holdings in ASP Isotopes by 42.7% in the third quarter. Geode Capital Management LLC now owns 1,118,423 shares of the company's stock worth $3,110,000 after buying an additional 334,836 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC increased its holdings in ASP Isotopes by 158.3% in the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 991,863 shares of the company's stock worth $2,757,000 after buying an additional 607,893 shares during the last quarter. Finally, State Street Corp grew its holdings in ASP Isotopes by 12.8% during the third quarter. State Street Corp now owns 853,695 shares of the company's stock valued at $2,373,000 after purchasing an additional 96,604 shares during the last quarter. Institutional investors and hedge funds own 16.80% of the company's stock.

About ASP Isotopes

ASP Isotopes Inc, a development stage advanced materials company, focuses on the production, distribution, marketing, and sale of isotopes. It engages in the production and commercialization of Molybdenum-100, a non-radioactive isotope for the medical industry; Carbon-14; and Silicon-28. The company is also developing Quantum Enrichment technology to produce Ytterbium-176, Nickel-64, Lithium 6, Lithium7, and Uranium-235.