Amprius Technologies, Inc. (NYSE:AMPX) Short Interest Update

Amprius Technologies, Inc. (NYSE:AMPX) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 3,980,000 shares, a growth of 42.7% from the January 15th total of 2,790,000 shares. Approximately 5.1% of the company’s stock are short sold. Based on an average daily volume of 3,850,000 shares, the short-interest ratio is currently 1.0 days.

Analyst Ratings Changes

A number of brokerages recently commented on AMPX. Cantor Fitzgerald initiated coverage on Amprius Technologies in a research note on Tuesday, January 21st. They set an “overweight” rating and a $10.00 price objective for the company. HC Wainwright reissued a “buy” rating and set a $10.00 price target on shares of Amprius Technologies in a report on Monday, November 11th. Finally, Northland Securities increased their price objective on shares of Amprius Technologies from $4.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Amprius Technologies has a consensus rating of “Buy” and a consensus target price of $9.29.

Amprius Technologies Stock Down 1.3 %

Shares of Amprius Technologies stock opened at $3.38 on Friday. The stock has a 50 day moving average price of $2.88 and a two-hundred day moving average price of $1.89. The stock has a market capitalization of $357.21 million, a P/E ratio of -7.50 and a beta of 2.45. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.20.

Insider Transactions at Amprius Technologies

In other news, CFO Sandra Wallach sold 17,158 shares of Amprius Technologies stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total value of $33,629.68. Following the completion of the transaction, the chief financial officer now directly owns 696,142 shares of the company’s stock, valued at approximately $1,364,438.32. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Bornstein sold 18,170 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $1.96, for a total transaction of $35,613.20. Following the sale, the insider now directly owns 454,131 shares of the company’s stock, valued at approximately $890,096.76. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,903 shares of company stock valued at $86,050. Insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AMPX. Invesco Ltd. boosted its stake in Amprius Technologies by 56.5% in the fourth quarter. Invesco Ltd. now owns 2,484,662 shares of the company’s stock worth $6,957,000 after purchasing an additional 897,222 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University bought a new stake in Amprius Technologies during the 4th quarter worth about $4,081,000. Renaissance Technologies LLC increased its position in Amprius Technologies by 5,740.5% in the 4th quarter. Renaissance Technologies LLC now owns 765,100 shares of the company’s stock valued at $2,142,000 after acquiring an additional 752,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Amprius Technologies by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 580,819 shares of the company’s stock worth $1,626,000 after purchasing an additional 32,681 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Amprius Technologies by 4.7% in the third quarter. State Street Corp now owns 286,390 shares of the company’s stock valued at $318,000 after purchasing an additional 12,900 shares in the last quarter. 5.04% of the stock is owned by institutional investors.

Amprius Technologies Company Profile

Amprius Technologies, Inc produces and sells ultra-high energy density lithium-ion batteries for mobility applications. The company offers silicon nanowire anode batteries. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems, such as drones and high-altitude pseudo satellites.