Short Interest in SES AI Co. (NYSE:SES) Declines By 36.9%

SES AI Co. (NYSE:SES - Get Free Report) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 11,160,000 shares, a decrease of 36.9% from the December 31st total of 17,700,000 shares. Approximately 5.7% of the shares of the stock are sold short. Based on an average daily volume of 21,110,000 shares, the short-interest ratio is presently 0.5 days.

Insider Buying and Selling at SES AI

In other news, major shareholder General Motors Holdings Llc sold 13,332,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $0.20, for a total transaction of $2,666,400.00. Following the completion of the sale, the insider now owns 9,843,622 shares of the company's stock, valued at approximately $1,968,724.40. This trade represents a 57.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jing Nealis sold 50,000 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $1.02, for a total value of $51,000.00. Following the transaction, the chief financial officer now owns 1,935,322 shares in the company, valued at $1,974,028.44. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,532,000 shares of company stock valued at $2,870,400 over the last quarter. Corporate insiders own 15.07% of the company's stock.

Hedge Funds Weigh In On SES AI

Hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc bought a new stake in SES AI in the 4th quarter valued at $25,000. Optas LLC bought a new stake in SES AI during the fourth quarter worth about $27,000. LexAurum Advisors LLC bought a new position in SES AI in the 4th quarter valued at $55,000. Abel Hall LLC bought a new position in shares of SES AI in the fourth quarter worth about $57,000. Finally, Savant Capital LLC acquired a new position in shares of SES AI during the fourth quarter valued at $66,000. 29.78% of the stock is owned by institutional investors and hedge funds.

SES AI Trading Up 3.0 %

Shares of NYSE SES traded up $0.04 during mid-day trading on Tuesday, reaching $1.20. The company had a trading volume of 21,270,382 shares, compared to its average volume of 39,591,285. SES AI has a 1-year low of $0.20 and a 1-year high of $2.53. The company has a 50-day moving average price of $0.97 and a two-hundred day moving average price of $0.85. The stock has a market cap of $430.90 million, a PE ratio of -5.20 and a beta of 0.29.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.