Short Interest in American Superconductor Co. (NASDAQ:AMSC) Grows By 11.9%

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.

Insider Activity

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

Large investors have recently made changes to their positions in the company. Dark Forest Capital Management LP acquired a new stake in American Superconductor in the fourth quarter valued at approximately $27,000. UBS Group AG raised its stake in American Superconductor by 28.6% during the fourth quarter. UBS Group AG now owns 10,986 shares of the technology company’s stock worth $40,000 after buying an additional 2,445 shares during the last quarter. AQR Capital Management LLC bought a new position in American Superconductor during the second quarter worth $72,000. PDT Partners LLC raised its stake in American Superconductor by 58.7% during the fourth quarter. PDT Partners LLC now owns 21,177 shares of the technology company’s stock worth $78,000 after buying an additional 7,833 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in American Superconductor during the second quarter worth $83,000. Institutional investors and hedge funds own 47.27% of the company’s stock.

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

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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.