Energous Corp. (NASDAQ:WATT) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 3,553,007 shares, an increase of 29.5% from the August 31st total of 2,743,686 shares. Currently, 22.5% of the company’s shares are short sold. Based on an average trading volume of 2,002,218 shares, the short-interest ratio is currently 1.8 days.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. bought a new position in shares of Energous Corp. during the second quarter valued at about $110,000. Thompson Davis & CO. Inc. bought a new position in shares of Energous Corp. during the second quarter valued at about $113,000. Nationwide Fund Advisors bought a new position in shares of Energous Corp. during the second quarter valued at about $122,000. Barclays PLC bought a new position in shares of Energous Corp. during the second quarter valued at about $128,000. Finally, State Street Corp bought a new position in shares of Energous Corp. during the first quarter valued at about $160,000. Institutional investors own 24.25% of the company’s stock.
Energous Corp. (NASDAQ:WATT) opened at 17.61 on Wednesday. The company’s market capitalization is $300.13 million. Energous Corp. has a 12-month low of $3.65 and a 12-month high of $20.13. The firm’s 50-day moving average price is $17.16 and its 200 day moving average price is $12.75.
Energous Corp. (NASDAQ:WATT) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.62) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.62). On average, analysts expect that Energous Corp. will post ($1.95) earnings per share for the current year.
WATT has been the topic of several recent analyst reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $15.00 target price (up from $13.00) on shares of Energous Corp. in a report on Tuesday, August 16th. Zacks Investment Research upgraded Energous Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $14.00.
About Energous Corp.
Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.
Receive News & Ratings for Energous Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energous Corp. and related companies with MarketBeat.com's FREE daily email newsletter.