Short Interest in American Superconductor Co. (NASDAQ:AMSC) Grows By 13.1%

American Superconductor Co. (NASDAQ:AMSC - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,160,000 shares, a growth of 13.1% from the March 31st total of 1,910,000 shares. Based on an average daily volume of 979,300 shares, the short-interest ratio is currently 2.2 days.

American Superconductor Trading Up 2.0 %

AMSC traded up $0.24 on Monday, reaching $12.51. The stock had a trading volume of 200,585 shares, compared to its average volume of 872,186. The business's 50-day moving average price is $13.10 and its two-hundred day moving average price is $10.97. The company has a market cap of $384.56 million, a P/E ratio of -21.20 and a beta of 1.94. American Superconductor has a 12-month low of $3.63 and a 12-month high of $17.37.

Institutional Investors Weigh In On American Superconductor

A number of institutional investors have recently modified their holdings of AMSC. Atria Wealth Solutions Inc. boosted its position in American Superconductor by 18.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 14,469 shares of the technology company's stock worth $161,000 after purchasing an additional 2,294 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of American Superconductor by 11.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 25,752 shares of the technology company's stock valued at $194,000 after buying an additional 2,614 shares in the last quarter. Psagot Value Holdings Ltd. Israel acquired a new stake in American Superconductor in the 4th quarter valued at $33,000. Merit Financial Group LLC grew its stake in American Superconductor by 5.8% in the 4th quarter. Merit Financial Group LLC now owns 82,389 shares of the technology company's stock valued at $918,000 after acquiring an additional 4,490 shares during the period. Finally, AJOVista LLC purchased a new stake in American Superconductor in the 4th quarter worth $69,000. 52.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Roth Mkm increased their price target on American Superconductor from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, January 26th.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand; and engineering planning services.