SES AI Co. (NYSE:SES) Sees Large Increase in Short Interest

SES AI Co. (NYSE:SES - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 23,590,000 shares, an increase of 18.9% from the March 15th total of 19,840,000 shares. Currently, 11.0% of the shares of the company are sold short. Based on an average trading volume of 28,430,000 shares, the short-interest ratio is presently 0.8 days.

SES AI Trading Up 28.3 %

SES traded up $0.25 during midday trading on Friday, hitting $1.12. 68,757,400 shares of the company traded hands, compared to its average volume of 11,475,894. The business has a 50 day simple moving average of $0.63 and a two-hundred day simple moving average of $0.74. SES AI has a 52-week low of $0.20 and a 52-week high of $2.53. The company has a market capitalization of $406.60 million, a price-to-earnings ratio of -4.93 and a beta of 0.56.

SES AI (NYSE:SES - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm had revenue of $5.79 million during the quarter, compared to analyst estimates of $2.00 million. Equities research analysts anticipate that SES AI will post -0.23 earnings per share for the current year.

Insider Buying and Selling at SES AI

In other SES AI news, CTO Kang Xu sold 27,969 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1.17, for a total value of $32,723.73. Following the sale, the chief technology officer now owns 444,290 shares in the company, valued at approximately $519,819.30. This represents a 5.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jing Nealis sold 80,992 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1.17, for a total transaction of $94,760.64. Following the sale, the chief financial officer now directly owns 1,841,637 shares in the company, valued at $2,154,715.29. This trade represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 347,471 shares of company stock worth $406,541. Company insiders own 15.07% of the company's stock.

Institutional Investors Weigh In On SES AI

A number of large investors have recently modified their holdings of SES. Vanguard Group Inc. increased its stake in shares of SES AI by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 7,847,316 shares of the company's stock worth $17,186,000 after acquiring an additional 608,676 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of SES AI by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 3,260,213 shares of the company's stock worth $7,141,000 after buying an additional 165,589 shares during the last quarter. Northern Trust Corp lifted its stake in shares of SES AI by 2.1% in the 4th quarter. Northern Trust Corp now owns 1,130,744 shares of the company's stock valued at $2,476,000 after purchasing an additional 23,249 shares during the last quarter. Renaissance Technologies LLC boosted its stake in SES AI by 202.8% during the fourth quarter. Renaissance Technologies LLC now owns 665,300 shares of the company's stock worth $1,457,000 after buying an additional 445,600 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of SES AI by 666.4% in the 4th quarter. Two Sigma Investments LP now owns 513,010 shares of the company's stock valued at $1,123,000 after acquiring an additional 446,073 shares during the period. Hedge funds and other institutional investors 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.