Cepton, Inc. (NASDAQ:CPTN) Short Interest Down 8.0% in September

Cepton, Inc. (NASDAQ:CPTN) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 63,100 shares, a drop of 8.0% from the August 31st total of 68,600 shares. Based on an average daily volume of 47,800 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Westpark Capital reissued a “hold” rating on shares of Cepton in a research report on Wednesday, August 14th.

Cepton Stock Performance

Shares of Cepton stock remained flat at $3.12 on Tuesday. The stock had a trading volume of 69,964 shares, compared to its average volume of 31,509. The firm has a market capitalization of $49.67 million, a PE ratio of -1.22 and a beta of 0.08. The company has a fifty day moving average price of $3.00 and a 200 day moving average price of $2.85. Cepton has a 52 week low of $2.38 and a 52 week high of $5.20.

Cepton (NASDAQ:CPTN) last announced its quarterly earnings results on Monday, August 12th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.26. The firm had revenue of $10.43 million for the quarter, compared to analyst estimates of $11.00 million.

About Cepton

Cepton, Inc provides lidar-based solutions for automotive, smart cities, smart spaces, and smart industrial applications in the United States, Japan, China, and internationally. The company offers autograde lidar sensors, including Cepton Ultra, a slimmest lidar with MagnoSteer technology and proprietary ASIC chipset, enabling a combination of 300-meter range at 10% reflectivity and 0.05° resolution; Vista-X, a compact lidar solution with a range of up to 200m for long-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications; and Nova, an extremely-small form factor lidar solution with a range of up to 30m for near-range applications in ADAS L2+/L3, AV L4/L5, and suitable for smart infrastructure applications.