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

American Superconductor Co. (NASDAQ:AMSC) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 3,810,000 shares, an increase of 28.3% from the December 15th total of 2,970,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank purchased a new stake in shares of American Superconductor during the 2nd quarter worth $28,000. CWM LLC purchased a new stake in shares of American Superconductor during the 3rd quarter worth approximately $57,000. Quest Partners LLC purchased a new position in shares of American Superconductor in the 3rd quarter valued at $88,000. Canada Pension Plan Investment Board purchased a new stake in American Superconductor in the second quarter valued at $96,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in American Superconductor in the third quarter valued at $277,000. 52.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and set a $29.00 target price on shares of American Superconductor in a research note on Monday, September 30th.

American Superconductor Stock Up 1.1 %

American Superconductor stock traded up $0.30 during mid-day trading on Friday, reaching $28.11. 201,035 shares of the company’s stock were exchanged, compared to its average volume of 868,377. American Superconductor has a twelve month low of $9.37 and a twelve month high of $38.02. The company has a fifty day moving average of $29.38 and a 200-day moving average of $25.47. The company has a market cap of $1.11 billion, a P/E ratio of -561.99 and a beta of 2.28.

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.