Short Interest in Applied Energetics, Inc. (OTCMKTS:AERG) Increases By 11.4%

Applied Energetics, Inc. (OTCMKTS:AERG) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 644,700 shares, a growth of 11.4% from the April 15th total of 578,600 shares. Based on an average trading volume of 100,000 shares, the days-to-cover ratio is presently 6.4 days.

Applied Energetics Price Performance

AERG stock opened at $2.10 on Thursday. Applied Energetics has a 52-week low of $1.68 and a 52-week high of $3.04. The company’s 50 day simple moving average is $1.98 and its 200-day simple moving average is $2.03. The firm has a market capitalization of $443.96 million, a P/E ratio of -70.00 and a beta of 0.22.

Applied Energetics (OTCMKTS:AERG) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.01) EPS for the quarter. Applied Energetics had a negative net margin of 352.04% and a negative return on equity of 320.75%. The company had revenue of $0.13 million for the quarter.

About Applied Energetics

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.