SES AI Corporation (NYSE:SES) Short Interest Down 15.6% in March

SES AI Corporation (NYSE:SES) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 12,035,666 shares, a decrease of 15.6% from the February 26th total of 14,261,090 shares. Based on an average daily trading volume, of 15,704,034 shares, the short-interest ratio is presently 0.8 days. Approximately 3.8% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wall Street Zen lowered shares of SES AI from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a research note on Wednesday, January 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of SES AI in a research report on Thursday, March 5th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.00.

Insider Activity

In other SES AI news, insider Kyle Pilkington sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $1.20, for a total value of $30,000.00. Following the sale, the insider owned 780,203 shares of the company’s stock, valued at $936,243.60. This trade represents a 3.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Hong Gan sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $2.50, for a total value of $250,000.00. Following the transaction, the insider owned 1,253,286 shares of the company’s stock, valued at approximately $3,133,215. This trade represents a 7.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 275,000 shares of company stock worth $655,000. 13.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SES. Gainplan LLC acquired a new position in SES AI during the 4th quarter worth approximately $30,000. Verdence Capital Advisors LLC raised its holdings in shares of SES AI by 42.9% in the third quarter. Verdence Capital Advisors LLC now owns 20,000 shares of the company’s stock valued at $33,000 after purchasing an additional 6,000 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of SES AI by 35.1% in the third quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock worth $34,000 after purchasing an additional 5,268 shares in the last quarter. Mariner LLC lifted its position in shares of SES AI by 89.4% in the fourth quarter. Mariner LLC now owns 21,253 shares of the company’s stock worth $38,000 after purchasing an additional 10,031 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in SES AI during the fourth quarter worth $38,000. 29.78% of the stock is owned by institutional investors and hedge funds.

SES AI Trading Up 5.3%

Shares of NYSE:SES opened at $0.97 on Wednesday. SES AI has a 1-year low of $0.42 and a 1-year high of $3.73. The stock has a market capitalization of $354.15 million, a P/E ratio of -4.39 and a beta of 0.62. The business has a 50-day moving average price of $1.59 and a two-hundred day moving average price of $1.95.

SES AI (NYSE:SES) last announced its quarterly earnings data on Wednesday, March 4th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $4.56 million during the quarter, compared to analysts’ expectations of $6.64 million. SES AI had a negative return on equity of 28.19% and a negative net margin of 347.81%. As a group, equities analysts predict that SES AI will post -0.23 EPS for the current year.

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.