Short Interest in SES AI Co. (NYSE:SES) Increases By 20.9%

SES AI Co. (NYSE:SES - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 19,840,000 shares, an increase of 20.9% from the February 28th total of 16,410,000 shares. Based on an average daily volume of 34,290,000 shares, the short-interest ratio is presently 0.6 days. Currently, 9.1% of the company's stock are short sold.

SES AI Stock Up 9.8 %

Shares of SES AI stock traded up $0.05 during trading hours on Monday, hitting $0.58. 11,089,510 shares of the company's stock traded hands, compared to its average volume of 28,972,211. The company has a market cap of $209.68 million, a PE ratio of -2.50 and a beta of 0.56. SES AI has a twelve month low of $0.20 and a twelve month high of $2.53. The stock has a 50 day simple moving average of $0.78 and a 200-day simple moving average of $0.75.

SES AI (NYSE:SES - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The firm had revenue of $2.04 million during the quarter. As a group, equities research analysts predict that SES AI will post -0.23 EPS for the current year.

Insider Buying and Selling

In other news, CTO Kang Xu sold 27,969 shares of SES AI stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1.17, for a total transaction of $32,723.73. Following the sale, the chief technology officer now owns 444,290 shares in the company, valued at $519,819.30. This trade represents a 5.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jing Nealis sold 50,000 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $1.02, for a total transaction of $51,000.00. Following the completion of the transaction, the chief financial officer now owns 1,935,322 shares of the company's stock, 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. Over the last quarter, insiders sold 397,471 shares of company stock worth $457,541. Corporate insiders own 15.07% of the company's stock.

Institutional Investors Weigh In On SES AI

A number of institutional investors have recently modified their holdings of SES. Savant Capital LLC acquired a new stake in SES AI during the fourth quarter valued at approximately $66,000. Geode Capital Management LLC lifted its stake in SES AI by 2.8% during the third quarter. Geode Capital Management LLC now owns 3,094,624 shares of the company's stock worth $1,980,000 after purchasing an additional 83,607 shares during the last quarter. JPMorgan Chase & Co. increased its stake in SES AI by 204.1% during the third quarter. JPMorgan Chase & Co. now owns 182,977 shares of the company's stock valued at $117,000 after purchasing an additional 122,803 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of SES AI during the fourth quarter worth $254,000. Finally, Barclays PLC lifted its position in shares of SES AI by 281.1% in the 3rd quarter. Barclays PLC now owns 171,860 shares of the company's stock worth $109,000 after buying an additional 126,763 shares during the last quarter. Institutional investors and hedge funds own 29.78% of the company's stock.

About SES AI

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.