American Superconductor Co. (NASDAQ:AMSC – Get Rating) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 700,400 shares, a growth of 11.9% from the February 13th total of 625,800 shares. Based on an average daily trading volume, of 209,400 shares, the short-interest ratio is currently 3.3 days.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of American Superconductor from a “sell” rating to a “hold” rating in a research note on Wednesday. Oppenheimer reduced their price objective on shares of American Superconductor from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd.
In other news, CEO Daniel P. Mcgahn purchased 25,000 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was bought at an average price of $3.49 per share, with a total value of $87,250.00. Following the acquisition, the chief executive officer now directly owns 943,223 shares of the company’s stock, valued at $3,291,848.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is owned by company insiders.
Institutional Trading of American Superconductor
American Superconductor Trading Down 5.9 %
Shares of AMSC opened at $4.59 on Thursday. American Superconductor has a 12 month low of $3.20 and a 12 month high of $9.36. The firm’s 50 day moving average is $5.25 and its 200-day moving average is $4.55. The stock has a market capitalization of $135.54 million, a PE ratio of -3.86 and a beta of 1.36.
About American Superconductor
American Superconductor Corp. engages in provision of megawatt-scale power solutions, which improve the performance of the power grid and lower the cost of wind power. It operates through Grid and Wind segments. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit, and distribute power with efficiency, reliability, security, and affordability.
- Get a free copy of the StockNews.com research report on American Superconductor (AMSC)
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