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

American Superconductor Co. (NASDAQ:AMSC) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 3,500,000 shares, a decrease of 10.5% from the January 15th total of 3,910,000 shares. Based on an average trading volume of 1,420,000 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of American Superconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new position in American Superconductor during the 4th quarter valued at approximately $11,360,000. Allspring Global Investments Holdings LLC purchased a new position in American Superconductor during the 3rd quarter valued at approximately $10,246,000. Raymond James Financial Inc. purchased a new position in American Superconductor during the 4th quarter valued at approximately $10,188,000. Arrowstreet Capital Limited Partnership purchased a new position in American Superconductor during the 4th quarter valued at approximately $7,310,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in American Superconductor by 211.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 304,528 shares of the technology company’s stock valued at $7,187,000 after buying an additional 206,655 shares in the last quarter. Institutional investors own 52.28% of the company’s stock.

American Superconductor Stock Down 1.7 %

NASDAQ AMSC opened at $31.16 on Monday. The stock’s 50-day moving average price is $27.43 and its 200-day moving average price is $25.75. American Superconductor has a 52 week low of $11.36 and a 52 week high of $38.02. The company has a market capitalization of $1.23 billion, a P/E ratio of 445.21 and a beta of 2.26.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Research analysts anticipate that American Superconductor will post 0.37 EPS for the current year.

Analysts Set New Price Targets

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

About American Superconductor

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.