Applied Energetics, Inc. (OTCMKTS:AERG) Sees Significant Growth in Short Interest

Applied Energetics, Inc. (OTCMKTS:AERG) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 607,300 shares, a growth of 6.7% from the March 15th total of 569,000 shares. Based on an average daily trading volume, of 176,600 shares, the short-interest ratio is presently 3.4 days.

Applied Energetics Price Performance

Shares of OTCMKTS:AERG opened at $1.81 on Thursday. The business’s 50-day moving average is $1.93 and its 200 day moving average is $2.06. The firm has a market capitalization of $382.56 million, a P/E ratio of -60.33 and a beta of 0.43. Applied Energetics has a 1 year low of $1.68 and a 1 year high of $3.04.

Applied Energetics Company Profile

Applied Energetics, Inc engages in the provision of advanced optical technologies and ultrashort pulse directed energy solutions utilizing dual-use laser and optical technologies to defense, national security, industrial, biomedical, and scientific customers worldwide. It develops and holds various intellectual property rights such as laser guided energy and laser induced plasma channel technology for used in high-tech directed energy systems.