Cepton, Inc. (NASDAQ:CPTN) Short Interest Up 14.0% in December

Cepton, Inc. (NASDAQ:CPTN - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 28,500 shares, a growth of 14.0% from the November 30th total of 25,000 shares. Based on an average daily trading volume, of 45,400 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the shares of the stock are short sold.

Cepton Price Performance

CPTN traded down $0.01 on Wednesday, reaching $3.26. 13,004 shares of the company's stock were exchanged, compared to its average volume of 35,914. Cepton has a twelve month low of $2.38 and a twelve month high of $3.81. The stock has a market cap of $52.33 million, a PE ratio of -1.87 and a beta of 0.10. The stock's fifty day moving average price is $3.17 and its 200-day moving average price is $3.00.

Cepton (NASDAQ:CPTN - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.61) earnings per share for the quarter. The business had revenue of $0.55 million for the quarter.

About Cepton

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.