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

American Superconductor Co. (NASDAQ:AMSC) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,000,000 shares, a drop of 14.3% from the January 31st total of 3,500,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is currently 2.3 days.

American Superconductor Stock Down 4.1 %

NASDAQ:AMSC opened at $19.17 on Friday. American Superconductor has a 52 week low of $11.36 and a 52 week high of $38.02. The stock has a market capitalization of $756.45 million, a PE ratio of 273.90 and a beta of 2.26. The stock’s 50-day moving average price is $27.00 and its 200-day moving average price is $26.07.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Sell-side analysts expect that American Superconductor will post 0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On American Superconductor

Institutional investors have recently bought and sold shares of the company. Gen Wealth Partners Inc acquired a new stake in American Superconductor in the 4th quarter worth about $58,000. SBI Securities Co. Ltd. purchased a new position in American Superconductor in the 4th quarter worth approximately $65,000. Jones Financial Companies Lllp lifted its stake in American Superconductor by 1,083.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,708 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in American Superconductor by 8,670.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in American Superconductor in the 3rd quarter worth approximately $88,000. 52.28% of the stock is currently owned by institutional investors and hedge funds.

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.