American Superconductor Co. (NASDAQ:AMSC) Short Interest Update

American Superconductor Co. (NASDAQ:AMSC - Get Free Report) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 3,000,000 shares, a decrease of 14.3% from the January 31st total of 3,500,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is presently 2.3 days.

Wall Street Analyst Weigh In

Separately, Oppenheimer increased their target price on shares of American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, February 7th.

American Superconductor Stock Performance

Shares of NASDAQ:AMSC traded up $0.08 during trading hours on Friday, hitting $19.25. 1,440,199 shares of the company's stock traded hands, compared to its average volume of 1,213,132. American Superconductor has a 52 week low of $11.36 and a 52 week high of $38.02. The company's fifty day simple moving average is $26.88 and its two-hundred day simple moving average is $26.05. The company has a market cap of $759.61 million, a price-to-earnings ratio of 275.04 and a beta of 2.45.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. On average, analysts anticipate that American Superconductor will post 0.41 EPS for the current fiscal year.

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Hedge Funds Weigh In On American Superconductor

Large investors have recently made changes to their positions in the business. Gen Wealth Partners Inc bought a new position in shares of American Superconductor during the 4th quarter valued at about $58,000. SBI Securities Co. Ltd. purchased a new position in shares of American Superconductor in the fourth quarter worth approximately $65,000. Jones Financial Companies Lllp raised its holdings in shares of American Superconductor by 1,083.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock valued at $73,000 after acquiring an additional 2,708 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of American Superconductor by 8,670.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock valued at $73,000 after acquiring an additional 2,948 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of American Superconductor in the 3rd quarter valued at approximately $88,000. Institutional investors own 52.28% of the company's stock.

American Superconductor Company Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.