Energous Corporation (NASDAQ:WATT) Short Interest Up 30.9% in March

Key Points

• Short interest up 30.9% — Short interest rose to 387,124 shares as of March 31 (a 30.9% increase from March 15), equal to about 7.0% of shares outstanding and a short‑interest ratio of 0.5 days based on average daily volume.
• Analyst sentiment is negative with a MarketBeat consensus of "Reduce"; one analyst rates the stock Hold and one rates it Sell (Weiss reiterated Sell while Zacks upgraded to Hold).
• Institutional activity is mixed: Geode and Flagship Harbor increased stakes while Armistice Capital opened a new ~ $1.2M position; WATT trades near $16.40 with a market cap of about $90M and a 52‑week range of $3.62–$20.48.

Energous Corporation (NASDAQ:WATT - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 387,124 shares, a growth of 30.9% from the March 15th total of 295,685 shares. Based on an average daily volume of 707,163 shares, the short-interest ratio is presently 0.5 days. Approximately 7.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WATT shares. Weiss Ratings reiterated a "sell (e+)" rating on shares of Energous in a research report on Wednesday, January 21st. Zacks Research upgraded Energous to a "hold" rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Energous currently has a consensus rating of "Reduce".

Hedge Funds Weigh In On Energous

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Energous by 85.4% in the 4th quarter. Geode Capital Management LLC now owns 18,713 shares of the industrial products company's stock valued at $75,000 after acquiring an additional 8,619 shares during the period. Flagship Harbor Advisors LLC increased its position in Energous by 82.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 20,503 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 9,250 shares during the period. Finally, Armistice Capital LLC acquired a new position in Energous in the 3rd quarter valued at about $1,202,000. Institutional investors and hedge funds own 4.35% of the company's stock.

Energous Stock Down 2.6%

Shares of WATT stock opened at $16.40 on Wednesday. The stock has a market capitalization of $90.20 million, a PE ratio of -0.90 and a beta of 0.58. Energous has a 52-week low of $3.62 and a 52-week high of $20.48. The stock's 50-day moving average price is $13.19 and its 200 day moving average price is $8.88.

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.

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