Short Interest in Applied Energetics, Inc. (OTCMKTS:AERG) Decreases By 5.2%

Applied Energetics, Inc. (OTCMKTS:AERG - Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 703,100 shares, a decline of 5.2% from the September 30th total of 741,500 shares. Based on an average daily volume of 97,000 shares, the days-to-cover ratio is currently 7.2 days.

Applied Energetics Price Performance

AERG traded down $0.03 during trading on Thursday, hitting $0.90. The stock had a trading volume of 45,590 shares, compared to its average volume of 82,515. The company has a 50 day moving average price of $0.87 and a 200-day moving average price of $1.36. The firm has a market cap of $192.42 million, a price-to-earnings ratio of -31.00 and a beta of 0.29. Applied Energetics has a one year low of $0.43 and a one year high of $2.46.

Applied Energetics (OTCMKTS:AERG - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $0.78 million during the quarter. Applied Energetics had a negative net margin of 330.64% and a negative return on equity of 466.58%.

Applied Energetics Company Profile

Applied Energetics, Inc engages in the provision of advanced optical technologies and ultrashort pulse directed energy solutions utilizing dual-use laser and optical technologies to defense, national security, industrial, biomedical, and scientific customers worldwide. It develops and holds various intellectual property rights such as laser guided energy and laser induced plasma channel technology for used in high-tech directed energy systems.