Short Interest in American Superconductor Co. (NASDAQ:AMSC) Rises By 13.1%

American Superconductor Co. (NASDAQ:AMSC) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,160,000 shares, a growth of 13.1% from the March 31st total of 1,910,000 shares. Based on an average daily trading volume, of 979,300 shares, the short-interest ratio is presently 2.2 days.

Institutional Investors Weigh In On American Superconductor

Institutional investors have recently modified their holdings of the business. Psagot Value Holdings Ltd. Israel bought a new position in American Superconductor during the fourth quarter worth about $33,000. AJOVista LLC acquired a new stake in shares of American Superconductor in the fourth quarter valued at approximately $69,000. Citigroup Inc. bought a new stake in shares of American Superconductor in the third quarter valued at approximately $92,000. GPS Wealth Strategies Group LLC acquired a new stake in American Superconductor during the third quarter worth approximately $132,000. Finally, Atria Wealth Solutions Inc. increased its stake in American Superconductor by 18.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 14,469 shares of the technology company’s stock worth $161,000 after acquiring an additional 2,294 shares during the period. Institutional investors own 52.28% of the company’s stock.

American Superconductor Price Performance

Shares of NASDAQ AMSC opened at $12.51 on Tuesday. The firm has a market cap of $384.56 million, a price-to-earnings ratio of -21.20 and a beta of 1.94. The stock’s fifty day moving average price is $13.10 and its two-hundred day moving average price is $10.97. American Superconductor has a one year low of $3.63 and a one year high of $17.37.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm raised their price objective on shares of American Superconductor from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, January 26th.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services.