Energous Corporation (NASDAQ:WATT) Short Interest Update

Energous Corporation (NASDAQ:WATT) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 269,026 shares, a growth of 90.8% from the December 31st total of 140,973 shares. Based on an average trading volume of 700,012 shares, the days-to-cover ratio is presently 0.4 days. Currently, 12.4% of the shares of the stock are sold short. Currently, 12.4% of the shares of the stock are sold short. Based on an average trading volume of 700,012 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Energous in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Energous

An institutional investor recently bought a new position in Energous stock. Flagship Harbor Advisors LLC acquired a new position in shares of Energous Corporation (NASDAQ:WATT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,253 shares of the industrial products company’s stock, valued at approximately $87,000. Flagship Harbor Advisors LLC owned about 0.62% of Energous as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.35% of the company’s stock.

Energous Trading Up 13.0%

Shares of WATT opened at $7.90 on Friday. The company has a market cap of $17.22 million, a PE ratio of -0.44 and a beta of 0.74. The stock has a 50-day moving average price of $5.40 and a 200-day moving average price of $7.64. Energous has a 12-month low of $3.62 and a 12-month high of $18.36.

Energous Company Profile

Energous Corporation develops and commercializes radio frequency (RF)–based wireless charging technology designed to deliver power over the air to compatible devices. Its WattUp platform includes near‐field and far‐field transmitters that emit targeted RF energy and receiver modules that convert that energy into electrical power. The company’s solutions aim to eliminate the need for cables and charging pads by enabling contactless power delivery to a range of products, from wearables and IoT sensors to medical devices and consumer electronics.