Short Interest in Amprius Technologies, Inc. (NYSE:AMPX) Grows By 84.5%

Amprius Technologies, Inc. (NYSE:AMPX - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,920,000 shares, an increase of 84.5% from the March 15th total of 3,750,000 shares. Currently, 8.6% of the shares of the company are sold short. Based on an average daily volume of 3,680,000 shares, the short-interest ratio is presently 1.9 days.

Amprius Technologies Stock Performance

Shares of NYSE:AMPX traded down $0.10 during midday trading on Monday, hitting $2.04. The company's stock had a trading volume of 887,682 shares, compared to its average volume of 2,164,321. The company has a market cap of $240.57 million, a P/E ratio of -4.53 and a beta of 2.17. Amprius Technologies has a 12-month low of $0.61 and a 12-month high of $4.21. The business's 50 day simple moving average is $2.56 and its 200 day simple moving average is $2.38.

Amprius Technologies (NYSE:AMPX - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.01. The business had revenue of $10.63 million for the quarter, compared to analyst estimates of $7.12 million. Amprius Technologies had a negative net margin of 245.92% and a negative return on equity of 71.39%. On average, sell-side analysts predict that Amprius Technologies will post -0.45 earnings per share for the current fiscal year.

Insider Activity at Amprius Technologies

In other news, CTO Constantin Ionel Stefan sold 9,066 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total transaction of $28,376.58. Following the sale, the chief technology officer now directly owns 421,489 shares in the company, valued at $1,319,260.57. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sandra Wallach sold 18,142 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $3.13, for a total value of $56,784.46. Following the completion of the transaction, the chief financial officer now directly owns 678,000 shares of the company's stock, valued at $2,122,140. The trade was a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,088 shares of company stock worth $235,025 in the last three months. Company insiders own 12.80% of the company's stock.

Hedge Funds Weigh In On Amprius Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in shares of Amprius Technologies by 31.1% in the 4th quarter. Bank of America Corp DE now owns 12,890 shares of the company's stock worth $36,000 after acquiring an additional 3,055 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Amprius Technologies by 49.4% in the fourth quarter. Rhumbline Advisers now owns 9,739 shares of the company's stock valued at $27,000 after purchasing an additional 3,222 shares during the period. B. Riley Wealth Advisors Inc. increased its position in Amprius Technologies by 29.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 29,200 shares of the company's stock worth $31,000 after purchasing an additional 6,700 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Amprius Technologies during the fourth quarter worth about $28,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Amprius Technologies during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 5.04% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMPX. B. Riley upped their target price on Amprius Technologies from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Cantor Fitzgerald began coverage on shares of Amprius Technologies in a report on Tuesday, January 21st. They set an "overweight" rating and a $10.00 price objective on the stock. Roth Mkm reissued a "buy" rating and set a $6.00 target price on shares of Amprius Technologies in a research note on Friday, March 21st. Northland Securities raised their price target on shares of Amprius Technologies from $4.00 to $10.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Finally, HC Wainwright reiterated a "buy" rating and issued a $10.00 price objective on shares of Amprius Technologies in a report on Friday, March 21st. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $9.43.

About Amprius Technologies

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.